ASX back on the crap tracks

Dalian has tried but largely failed to blow off again today:

Big Iron is down:

Big Gas too. ORG is showing promise, and why wouldn’t it, so long as you don’t mind stealing from pensioners:

Big Gold is mixed and I’m still a seller here. North Korea is a non issue and the ECB is already jawboning euro down. A fraying Trump Administration is the new hope for a lower dollar now:

Big Bubble is suffering as risk comes off and TerrorBank peaks into the abyss:

Big Liar is mixed with MEA flaming out, Domainmaggeddon remaining popular and MGR off as sales soften:

Finally, XJO is back on the crap tracks as the potential head and shoulders top vies with and an ascending triangle:

Avagoodweekend.

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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.