Australian banks Australian LNG Australian Shares Gold Iron ore price

Big Iron dead cat run down

David Llewellyn-Smith

Thursday 20 April 2017

After a few hopeful signs and idiotic fundies, iron ore has suddenly turned down in Dalian this afternoon:

Coking coal too:

Aforementioned fundie dunces are still bottom fishing though with Big Iron roughly flat:

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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.