Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big Iron sinks with Dalian

Thursday, 1 September 2016

No charts today but Big Iron is sinking with Dalian down another 1% this morning. BHP is -3.2%, RIO -1.1 and FMG can be thankful it has no London listing given it is flat.

Big Gas is also burning with WPL -1.5%, OSH -2%, ORG in real trouble -3.5% and STO -1.6%

Big Gold is also chewing through its correction with NCM -1.6%, RRL flat, EVN -0.7%, SBM flat and IGO -1.7%.

Finally, the rather stoopid bank rotation game rolls on with CBA -0.5%, WBC flat, ANZ 0.5% and NAB 0.7%.

Charts back tomorrow hopefully!

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.