Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big Iron choke, Big Gas broke, Big Gold smoke!

Wednesday 3 August 2016

Big Iron still can’t catch a bit today despite the runaway Dalian bubble, which has opened flat, with BHP flat, RIO 1.3% and FMG -0.7%:

The FMG bubble eased a bit if you believe in the rising price as its 58% discount hovered around -16%:

Big gas is threatening breakdown with WPL -1.3%, OSH -0.7%, ORG -3% and STO 3%:

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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.