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Big Sleazy breaks to new lows

David Llewellyn-Smith

Wednesday 6 September 2017

Dalian is trying to rebound:

BHP is still nudging breakout:

Big Gas continues its re-rating with exporters down and the domestic gougers flying:

All I can say to that is, what a pack of bloody idiots we are.

Big Gold is powering, working beautifully as portfolio insurance. I’m still a seller here for the short term:

Big Sleazy has broken to new lows:

Big Liar is up:

XJO is again dancing with the devil of its head and shoulders topping pattern:

In short, not very encouraging.

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.