BHP, RIO, FMG hammered with futures

David Llewellyn-Smith

Monday 6 July 2015

Big iron is on the nose with BHP and RIO both down more than 2% and FMG down 3.5% today:

The idiocy spreads of the big two are now closing fast and the FMG sanity spread is rocketing:

Juniors seem to have reached terminal bottom but BCI has plenty of room to fall yet:

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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.