Australian banks Australian LNG Australian Shares Gold Iron ore price

Big Iron roars on

David Llewellyn-Smith

Tuesday, 22 August 2017

Dalian is up again today but looking a little tired as parcel limits kick in:

Big Iron ore still roaring:

Big Gas is outdoing oil:

Big Gold looks strong:

Terror Bank continues to under-perform:

And Big Liar to ignore reality, though MEA has faded (or that might be an uber-bullish “cup and handle” formation:

Finally, ASX looks a little better on the crap tracks:

When that symmetrical triangle breaks it’ll run one way or the other.

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.