Did I fire off an iron ore stocks rally?

Tuesday 5 November 2013

Regular readers will know that this morning I upgraded my iron ore forecasts for next year. The response has been immediate with the entire iron equity complex powering ahead despite only mediocre leads from Chinese prices. BHP is 1%, Rio 2%, FMG almost 4%, AGO 3.3%.

Of course I’m joking. Markets just see what I see I guess. But I will note that the daily iron ore missive is extremely well trafficked and keenly followed right around the world…

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.