Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Iron ore crashes

David Llewellyn-Smith

Thursday, 4 May 2017

Dalian is open and iron ore has crashed limit down before bouncing a touch:

Coking coal is down too:

Big Iron is at or below its correction lows:

Big Gas is up for no apparent reason:

Big Gold is being shellacked:

Big Debt is still under pressure:

Big Liar is reaching for the stars!

Much more pain to come for dirt.

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.