Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Coal top called as big miners hang on

Tuesday, 18 October 2016

Big Iron is hanging on as Dalian is still down a solid -3% from yesterday’s highs. BHP is -0.2%, RIO is -0.6% and FGM 1%:

Big Gas is rebounding with WPL 0.4%, OSH 1.7%, ORG 0.4% and STO 1.1%:

Big Gold is up firmly with NCM 2.4%, RRL 4%, IGO -1%, SBM 3.9% and EVN 3.6%:

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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.