Australian LNG Commodities Iron ore price

Big iron and gas flame out

Friday, 2 October 2015

The big iron dead cat has run out of puff today for no obvious reason other than it is dead. BHP is trading up 0.4% on oil and RIO is down -1.3% while FMG is up 2.2% on some day trader’s whim:

Idiocy spread are contracting after a good run closed:

The dead:

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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.