Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Dalian bubbles, dirt struggles

Monday, 17 October 2016

Big Iron is still struggling to catch a bid today despite Banana Man holding most of his overnight gains on the Dalian exchange, down just three points. BHP is -0.5%, RIO is -07% and FMG 0.6%:

Big Gas likewise is pulling back with WPL -1.7%, OSH -1.6%, ORG -0.2% and STO fading fast at -2.2%:

Big Gold joins the general swoon with NCM -1%, RRL -2.1%, IGO 2%, SBM -1.8% and EVN -0.7%:

Banks are roughly flat again:

Nobody likes a rising US dollar.

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.