Big iron fades with futures

Wednesday 22 July 2015

Big iron ore is taking it in the team today as the iron ore bounce looks very thin. BHP is down 1.5% and RIO down 1.1% with FMG up 2% for giggles:

Idiocy spreads are zipping closed:

Juniors dead:

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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.