Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

ASX soars, sullied McGrath craters

Wednesday, 23 November 2016

It’s all good again today as Big Iron roars along with the paper bubble. DCE iron ore is up 2% plus and coking coal flat. BHP is 2.8%, RIO 2.3%, FMG 2.5% and WHC 1.4%:

Crazy stuff still.

Big Dirt is rising as well as OPEC approaches action with WPL 0.7%, OSH flat, ORG 0.4% and STO 0.7%:

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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.