Big iron fades away with futures

Monday, 28 September 2015

Big iron is fading towards new lows today with BHP down -1.3%, RIO down -1.7% and FMG down -0.5%. The two majors are getting very close to 2015 lows (a break is just a matter of time in my view):

Idiocy spreads still closing:

The 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.