Big iron and gas dead cat leaps

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Booooing goes the dead cat. BHP is up a lousy 2% but RIO (because its dividend is so much safer) is up 4%, FMG is up 2.8%:

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As iron ore is now outpacing miners to the downside, the idiocy spreads are about widen again:

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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.