Dalian is open and is immediately under pressure following the overnight dump:
![i1705_en](https://www.macrobusiness.com.au/wp-content/uploads/2017/03/i1705_en.png)
Big Iron is getting hit hard though FMG is ex-dividend down -4% and WHC -5%:
![tvc_27dfc5928014a25af268fb83715a9386](https://www.macrobusiness.com.au/wp-content/uploads/2017/03/tvc_27dfc5928014a25af268fb83715a9386.png)
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The chart damage to FMG is still not decisive:
![tvc_b96e697704cbd500a0ae27db8f26a1d8](https://www.macrobusiness.com.au/wp-content/uploads/2017/03/tvc_b96e697704cbd500a0ae27db8f26a1d8.png)
Big Gas is also down hard as oil comes off:
![tvc_40a8cb76bfe156d268096bc0b64fa50c](https://www.macrobusiness.com.au/wp-content/uploads/2017/03/tvc_40a8cb76bfe156d268096bc0b64fa50c.png)
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One wonders if the market is not beginning to price bad outcomes for east coast LNG policy risk…
Gold is getting pulverised as the USD runs riot, as expected:
![tvc_7f01ef46dd28edba15ee68cd5c220be5](https://www.macrobusiness.com.au/wp-content/uploads/2017/03/tvc_7f01ef46dd28edba15ee68cd5c220be5.png)
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And banks have run out of steam too as the yield curve flattens:
![tvc_3b87baec63fcbb663b86cd4e10a07e1b](https://www.macrobusiness.com.au/wp-content/uploads/2017/03/tvc_3b87baec63fcbb663b86cd4e10a07e1b.png)
Not much fun out there for dirt today as the USD charges on Fed hawks.
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