Big iron ore is copping it again today, along with the broader market. BHP is down 1.8% and RIO 1.4% with FMG down 2.3%:
The major’s idiocy spreads have stalled and about to tighten. FMG’s sanity spread is adding IQ points by the day:
One could speculate that the rise of the FMG sanity spread is indicative of a deepening sentiment around the firm. Juniors are flat:
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