Big iron firms as futures stall

David Llewellyn-Smith

Thursday 6 August 2015

Big iron continues its bear market rally with BHP, RIO and FMG all flopping around 1% up:

The idiocy spreads are also stalled:

In the junior graveyard, the AGO zombie is still at three cents and ARI is at new lows of 12 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.