BHP, RIO, FMG tank with futures

Friday, 3 July 2015

It’s awwn. BHP is down 2.5% and vectoring for more. RIO is down 1.5% and vectoring for more. FMG is down 6% and vectoring for more. To the indexes:

The big iron idiocy spreads are closing again. FMG is soaring towards sanity:

Juniors are serene in death:

Dalian is getting smoked with rebar futures and Shanghai stocks, down 11 points to 404. Probably another big fall in iron ore for Monday.

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.