Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big dirt, debt, spruik take a hit

David Llewellyn-Smith

Tuesday 1 November 2016

Big Iron is down today as Dalian opens a few points down with BHP -1.5%, RIO and FMG flat:

Big Gas is taking a bath with WPL -1.8%, OSH -0.3%, ORG -0.6% and STO -2.5% approaching new lows:

Big Gold is hit as well with NCM flat, RRL -0.3%, IGO -2.1%, SBM -1.5%, EVN -2%:

Big Debt is again soft, hovering around support in it’s large bearish chart:

The Big Spruik is still tumbling with MGR is -0.25%, FXJ is -1.5%, REA -0.5% and sullied MEA is threatening new lows at -2.5%:

Shrinkflation having its way.

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.