Big iron ore sells as Twiggy rallies

Thursday, 26 March 2015

It’s an about face today for big iron shares as BHP tumbles 1.5% and RIO ignores positive overnight leads to be down as well. FMG meanwhile is up 2.2%. Could we be seeing the dawning realisation that FMG is shaping as a disastrous spoiler for iron ore prices long term?

Idiocy spreads are still widening but will turn soon:

The Dead:

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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.