Big iron gives bears the bird

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A little win today for big iron as the commodities complex collapses all around them. BHP is up a few cents, RIO is only down half a percent FMG is up 2%:

Capture

After showing real promise of a closure last week the idiocy spreads have now stalled:

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In juniors, Atlas returns for what will hopefully be the final jerk of the corpse and after falling to three cents has rocketed 30% to four cents:

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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.