It’s a bad day for the big miners. RIO is getting pounded, down 3.5% to $57 and close to its 2014 low. BHP is down 2% and close to $30 again. FMG is down 4.5% at $2.60. The driver appears to be largely last night’s London downgrades which made plenty of sense. Here is the index chart:
The idiocy spreads are closing with the average poised for a break-in:
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Every junior bar GBG is at a new 2014 low today with MGX the Ebola carrier, cut in half to 20 cents: