Iron ore miners rally on

Friday 6 February 2015

The big miners are again riding the global equity tide higher today with BHP up and FMG up 0.6%, RIO up 0.8%. The indexes:

The idiocy spreads are powering into deranged territory:

But juniors are still choking down their own dirt:

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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.