Iron ore miner rally rolls

Wednesday, 18 February 2015

Well, sort of. BHP is still up 1% with oil but RIO is down half a percent and FMG down 4% on its various downgrades. To the indexes:

The idiocy spread for RIO has turned, FMG continues its regression into madness:

The dead got more…dead…today on the ARI wipeout:

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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.