Big iron and gas dead cat screeches on

David Llewellyn-Smith

Friday, 9 October 2015

The big iron ore gas bear market rally continues with BHP up another 2%, RIO up another 3.2% and FMG up 2%:

Dalian is tearing along again today up 2.4% to 386. I remain of the view that iron ore has nowhere to go.

For big gas, WPL is up 2% and STO is up another 7.1%, ORG is down slightly and and OSH down 1%:

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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.