Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Iron ore shakeout gathers pace

David Llewellyn-Smith

Friday 23 December 2016

It’s awn with Dalian grinding another 2% lower today triggering decent falls in Big Iron:

FMG and WHC both looking very toppy.

Big Gas up:

Big Gold up as Aussie outpaces gold to the downside:

Big Debt pulling back in closet bull market:

Big Spruik chasing Big Debt:

See you next year!

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.