Iron ore miners mixed as futures firm

Tuesday, 9 June 2015

Big iron is all over the shop today with BHP flat, RIO down a bit and FMG on the march as all celebrate more crap China data. To the indexes:

Idiocy spreads are flattish:

Juniors are stalled and BCI is now down 31% since being labeled a “sitting duck” right here:

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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.