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Iron ore crashes, ASX jumps

David Llewellyn-Smith

Wednesday 31 May 2017

Iron ore has re-opened in Dalian and immediately sunk to new correction lows, coking coal is down even harder:

Big iron ore down a little but not enough. RIO’s coconut business is booming:

Big Gas is down and STO is paying for its magnificent strategy of blackmailing the country:

Big Gold plods on:

The Big Debt dead cat is roaring finally:

And Big Liar firming:

Sell the rally. Much further down to go for all concerned.

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.