Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Dirt fades with Dalian

Tuesday 13 December 2016

Dalian is down a little today:

And Big Iron is following with BHP 0.8% but RIO -1.6% (despite big price upgrades from MS), FMG -2.2% and WHC 0.9%:

Nothing in my view has changed. This bubble will burst when it’s ready. With coking coal joining the thermal crash, WHC looks vulnerable…

Big Gas is fading after the non-OPEC deal bounce:

Big Gold is still sagging:

Big Debt is mixed:

And Big Spruik is mixed with MEA again the most weak:

Trump’s war on everything hanging over everything today.

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.