Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big Iron enters doldrums despite trailing gale

David Llewellyn-Smith

Friday, 31 March 2017

Dalian iron ore is down today:

And coking coal down:

Big Iron is stalled other than WHC:

This despite the booming China PMIs and Cyclone Debbie. When a bull market stops reacting to good news then, well, you know the rest…

Big Gas is down despite oil:

Big Gold is down:

Big Debt is up a touch as APRA squibs it but I still think this baby is largely done, unless the bond curve steepens again:

Avagoodweekend. All except you, APRA.

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.