Iron ore miners wait for direction

Monday, 23 March 2015

Big iron iron is treading water today with BHP up solidly with oil but RIO down slightly ignoring the positive lead from London and FMG down a bit more. To the indexes:

The idiocy spreads have begun to widen once more:

Junior death:

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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.