Mining GFC enters bear market rally

Thursday 24 December 2015

The Mining GFC is ending the year with a bear market rally driven by some better news for oil and steel, pretty ordinary economic data out of the US reaffirming slow rate hikes and rumblings of more Chinese stimulus.

The US dollar was stable:

Brent and Henry Hub gas launched:

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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.