Big iron sells with everything else

Thursday, 7 May 2015

Big iron ore is down today with BHP leading the way at minus 1.5%, RIO is down 0.7% and FMG is up slightly. The indexes:

The idiocy spreads are closing once more, except for FMG:

The juniors:

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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.