Mining GFC intensifies

Tuesday 15 December 2015

The Mining GFC threw up an interesting mix last night with commodities diverging with other indicators. The US dollar was weakish and oil took off which also triggered a rally in base metals:

But miners still got caned:

However, commodity currencies rallied sharply with oil and metals:

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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.