Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Gold miners blast off

Thursday 16 June 2016

Big iron is up today following London’s stupid session with BHP 1.7%, RIO 1.4% and FMG 2.4% despite its huge discounting. Dalian is up a couple of points presumably on the softening US dollar:

Big gas is mostly weak with WPL 1%, OSH -1.2%, ORG -0.3% and STO -1%:

Gold is again today’s star performer as the yellow metal threatens new breakout Comex highs as I write:

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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.