Big miners slide as futures fly

David Llewellyn-Smith

Tuesday 2 June 2015

BHP is down 2% and RIO 1.5% today for no apparent reason beyond weak leads in London. FMG is flat. To the indexes:

The idiocy spreads are flat:

And juniors mostly bleeding lower again:

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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.