Dalian is down a little today:
And Big Iron is following with BHP 0.8% but RIO -1.6% (despite big price upgrades from MS), FMG -2.2% and WHC 0.9%:
Nothing in my view has changed. This bubble will burst when it’s ready. With coking coal joining the thermal crash, WHC looks vulnerable…
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Big Gas is fading after the non-OPEC deal bounce:
Big Gold is still sagging:
Big Debt is mixed:
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And Big Spruik is mixed with MEA again the most weak:
Trump’s war on everything hanging over everything today.
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