Australian LNG Australian Shares Commodities Gold Iron ore price

Dirt bubble returns!

Tuesday, 22 November 2016

It isn’t going to die without a fight. Banana Man is back today as iron ore and coking coal paper both fly limit up!

Locally, Big Iron is up and about but more subdued, though BHP has broken to new highs with oil up 3%, RIO 1.1%, FMG 2.1% and WHC 1.7%:

Big Gas is powering on the same with WPL 2%, OSH 1.9%, ORG 1.2% and STO 2.8%:

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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.