Big iron plays catch-up with futures

David Llewellyn-Smith

Wednesday 3 June 2015

Big iron is playing catch-up today with BHP up 1%, RIO up 2.5% and FMG up 2%. To the indexes:

The FMG idiocy spread is widening but the others are closing again:

Juniors are going nowhere:

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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.