Australian LNG Commodities Iron ore price

Squashed moggy bounce for big iron, gas

Wednesday, 25 November 2015

It’s a real squashed moggy of a bounce for resources today with big iron barely up as BHP rises 0.3%, RIO is flat and FMG down -1%:

Idiocy spreads are in for FMG and out for the majors:

Dalian has opened up one point so perhaps we’ll see more animal spirits during the day.

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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.