Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Sleaze Bank opens ASX trap door

David Llewellyn-Smith

Monday, 4 September 2017

Dalian has opened OK:

So too Big Iron with BHP and RIO nudging break outs:

Big Gas is stable, more than can be said for pensioner energy bills:

Big Gold is powering. I’m still a trading seller into this strength. DPRK tensions should fade:

Sleaze Bank has opened a trap door:

And is rapidly approaching the $70-72 chart target:

Given how far this story has to run I am not even sure those levels will hold any more.

Big Liar is mostly down:

S&P futures down 8 points, not much risk off apparent…

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.