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Big Iron roars as Terror Bank sinks

David Llewellyn-Smith

Monday 21 August 2017

Banana Man is once gain in control in China:

Big Iron is loving it with FMG up 7%:

Big Gas is also up with oil:

Big Gold is stable. I remain a seller on the bold hope that the Trump Administration is at the lows (for now):

Big Bubble is getting caned, especially Terror Bank which appears headed for $70:

Big Spruik is down:

On to Wall St and its Trump jitters tonight. Better hope they’re calm because the ASX is again on the wrong side of its tram tracks:

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.