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All quiet on the Dalian front:

Not so Big Iron, getting bashed, except BHP on corporate action, classic pennies on front the steamroller there:

Big Gas looks about to break new lows across the board:

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Big Gold not looking too hot either, forming downtrends:

Big Bubble not happy today which is not a good sign given the yield curve is steepening:

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A bear steepening is not pretty for anything.

Finally, Big Liar is sinking to new lows too:

Today’s bonus chart, the ASX200 forming what looks to be a perfect head and shoulders topping pattern:

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Any decent break of that 5600 area and it’s down we go…

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.