Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

If it digs, sell it!

Friday 10 June 2016

Big iron is following London lower today as BHP is smashed -4%, RIO -3% but FMG is keeping the dream alive at -0.4%:

Big gas is correcting sharply as well with WPL -1.8%, OSH – 2.5%, STO -2.2%, ORG -2.5% (and LNG -18% after its one week party):

Gold miners are mostly easing after their stellar run:

Banks are sliding fast with bond yields and do not look very well to me with CBA -1.1%, WBC -1.5%, NAB -1.4%, ANZ -1.2%, BOQ -1.7%, BEN -1.6% and MQG -1.2%:

Looks rather like the Yellen party is already ending.

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.