BHP, RIO and FMG surge as futures fly

David Llewellyn-Smith

Wednesday, 29 July 2015

Big iron is enjoying some respite today with BHP up 2.3%, RIO up 1.3% and FMG up 6%:

Idiocy spreads are still closing:

Juniors are still busted with AGO unable to reclaim 5 cents:

The performance is pretty disappointing when you consider Dalian is flying again up another 6 points from this morning to 369. We’ll see another sizable bounce in iron ore tomorrow.

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.