Iron ore miners rally on as futures stall

Friday, 30 January 2015

The big miners are all up again today on the back of a rising market and ongoing FMG hope. BHP and RIO are up firmly but FMG has powered another 5%. Here are the indexes:

The RIO idiocy spread is at lunatic wides:

No change in the junior mausoleum:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.