Australian banks Australian LNG Commodities Gold Iron ore price

Iron ore crashes anew

David Llewellyn-Smith

Wednesday 24 May 2017

Dalian is having a bad day with iron ore futures crashing nearly 7%:

Big Iron isn’t falling as fast as it should:

Big Gas is upish:

Big Gold is down as the USD firms:

Big Debt is still falling:

And Big Liar is mixed with MEA threatening new lows:

Australia inc under intensifying pressure.

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.