BHP, RIO and FMG surge as iron ore falls

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Big iron iron is riding the dead cat today as global shares rally with RIO up 1%, BHP up 2% and FMG up 1.5%:

Capture

Idiocy spreads are still closing for BHP but not for RIO:

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Juniors buggered:

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Dalian is still falling down 2 at 396.

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.