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Big Iron correction continues

Friday 24 February 2017

Big iron is off again in Dalian down -1% so far after heavy overnight falls. We’ll be in the $80s again Monday at this rate:

Big Iron is off sharply but no real chart damage done yet:

Big Gas is mixed with juniors falling and seniors up:

Big Gold is firming again as the Trump fiscal timetable slips:

Big Debt too as the yield curve flattens for the same reason:

And Big Spruik is stable as the putrid FXJ holds its gains and McGrathmaggedon levels out:

Avagoodweekend!

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.