Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Dirt dumped as Dalian crashes

Thursday, 25 August 2016

Another round of Big Iron bust is upon us. Whether it is “the bust” yet who knows?! Dalian is now down -5% on the day with BHP is -1.5%, RIO -1.4% and FMG -4.2%:

Lot’s of room for retracement when it comes…

Big Gas is also stinking it up although WPL is up again 1.2% despite weak oil while OSH sinks -3%. If you ever witnessed insto rotation from one losing stock to another in order to do ‘less worse’ than the benchmark and secure that bonus then you’ll know that this is exactly what it looks like. ORG and STO looks well-soured down -1.7% apiece:

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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.