Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

If it digs, buy it!!

Tuesday, 30 August 2016

It appears that Big Iron equities will need to have a picture painted for them before they fall into the seasonally weak Q4. Today BHP is 1%, RIO 1% and FMG 2.3% above $5 again (weekly chart today):

Dalian is up a touch at the open.

Big Gas is also enjoying a better day with WPL 0.5%, OSH 2%, ORG 0.4% and STO 0.6%:

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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.