Big iron hit on Chinese stutter

Tuesday 24 March 2015

A little reality today for big iron with RIO down 1.5% following very positive offshore leads, BHP flat despite the oil price jump and FMG up 1% because it might sellout to the Chinese. To the indexes:

The idiocy spreads are still widening:

And juniors still dying:

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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.