On the great bear market rolls. BHP is down -2.75% at a new post-GFC low, RIO is down -2.4% and closing in on a new low, FMG is down -3%. Here are the monthly charts for the big two:
That says “don’t buy now” in big red letters. FMG as well:
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Not quite so bad as markets kid themselves that it will survive. Here are the updated idiocy spreads: