Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

ASX sags

David Llewellyn-Smith

Friday 21 July 2017

Dalian is soft during the day:

Big Iron is copping it:

Big Gas does not look well:

Those descending triangles on the majors might break. Oil has rebounded but they haven’t…

Big Gold still looks weak too:

Big Bubble has lost it’s froth:

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.