Australian LNG Australian Shares Commodities Gold Iron ore price

ASX dead cat screeches again

David Llewellyn-Smith

Thursday 22 June 2017

Dalian soft today which makes sense since its outlook is getting worse not better:

But the technical action is enough to have reversed some of yesterday’s losses in Big Iron:

Big Gas stinks of false hope today as it rises a little:

Oil going sub-$40 in my view…

Which means Big Gold is a buy today as the USD ought to fall with a stalled Fed:

Big Bubble is dead cat bouncing too:

Big Liar is lying as usual:

The dead cat rides.

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.