Australian banks Australian LNG Commodities Gold Iron ore price

Big Gas soars on Do-nothing waffle

David Llewellyn-Smith

Thursday, 16 March 2017

Dalian is down today, or at least lost last night’s gain to be flat overall:

Big Iron is up with FMG perhaps describing the right shoulder of a head and shoulders top (or not):

Big Gas is loving Do-nothing’s non-solution for the gas market:

Big Gold is on a rampage as the Fed slows:

Big Banks are the opposite but could be a short term buy if they correct properly as the Fed is going to keep tightening if more slowly:

Big Spruik is stalled:

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.