Iron ore miners stable as futures jump

Thursday, 4 December 2014

Today’s equity action for ion ore miners is relative stability with little movement in the three majors. Here are the comparative indexes:

The idiocy spreads are all narrowing once more and RIO has the widest of all:

The macabre junior “dance of the endless zeroes” continues with AGO the winner today, at a new low for the move of 16 cents:

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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.