Big iron equity undeterred by price massacre

Big iron ploughs on as if it’s all good today with BHP down a meager 2%, RIO an even more paltry 1.2% and FMG down only 2.3%. Over two days of iron ore price carnage, the two major’s share prices are actually up. The indexes:



The idiocy spreads have stalled at record wides:



Juniors are becalmed except for AGO which has fallen to another death-low of 12 cents:



Dalian is still down 6 points at 398 having recovered from 393. At this price iron ore spot will be another step towards $50 tomorrow.

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