Big iron falls as futures firm

Monday 3 August 2015

Big iron is weakening today perhaps spooked by the general commodity and China weakness with BHP and RIO down 1% while FMG is up 1% and approaching a new bull market (lol):

Idiocy spreads are stalled:

Among juniors, AGO is yet to breach 4 cents:

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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.