Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big Iron flies as Big Spruik crashes

Wednesday, 26 October 2016

Big Iron is consolidating after yesterday’s breakout. Dalian is flat at the open. BHP is -1%, RIO is 0.6% and FMG 0.4% following yesterday’s mental action:

Big Gas is getting whipped with WPL -2%, OSH -3%, ORG -2.9% and STO -3.5%:

Big Gold is firm with NCM flat, RRL 1%, IGO 1.7%, SBM 0.4% and EVN 1.4%

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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.