Dalian is selling today:
Big Iron is up anyway:
BHP and RIO are both pushing towards break out lines. RIO is right on it and if it can break through then $72 and $86 beckon:
The Big Gas re-rating continues as the disastrous Do-nothing Malcolm attacks AGL instead of the pensioner killers. No end in sight here:
Big Gold is still warm, I remain a seller here:
The Big Sleazy has rebounded but not more than the wider banks. Macquarie upgraded it to neutral today:
Big Liar sees McGrathmaggeddon clubbed anew as former star agents come out of escrow and can’t dump the stock fast enough:
What does that tell you?
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.