Australian banks Australian LNG Australian Shares Gold Iron ore price

Dirt dumps, banks soar

David Llewellyn-Smith

Friday 10 March 2017

Dalian futures tried and failed to rally again this morning. Now down marginally, coking coal similar:

Big Iron is flat and down:

Could be some nice head and shoulders top formations developing there.

Big Gas is up despite oil. I have no idea why anyone would bid for STO given the political risk:

Big Gold is still waiting for the NFP tonight:

Bid Debt is flying along as the local bond curve steepens. This is setting up for a nice short when the curve wakes up:

Big Spruik is its normal repugnant self:

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.