Dalian is quiet today:
I’m not calling any tops in the Banana Man bubble. It’s impossible to do so given it is entirely self-referential. Big Iron is soaring as it took off last night in London:
It’ll end when it ends…
Big Gas is up solidly:
The oil short squeeze probably needs a bit more time to clear out the shorts which were very excessive.
Big Gold is getting pasted:
The combination of a bond backup and rising USD is very bad for gold. Although I don’t buy the bond bear market thesis, you might want to get out of the way here.
Big Bubble is pouring it on as the Oligarch’s Party torpedoes the admirable SA bank levy:
Finally, Big Liar is still copping it. At least, REA and FXJ are:
MGR has some bottom feeding and MEA too. Listings have improved a little in Sydney and Melbourne…