ASX lifts on falling Australian dollar

It’s mindlessly head-butting 6000 again anyway. If it doesn’t punch through soon we might have to mull an epic double-top:

Big Iron is falling so I’ve dis-aggregated the chart today. BHP has some way to fall before it’s in any trouble:

Same for RIO:

Not so FMG which is levitating right at the cliff:

The slaying of pensioners is popular again:

The Big Gold correction is go and will accelerate if US jobs come in strong:

Big Sleazy is bought because…well…you can’t buy dirt:

Big Grogan is stinking up the place:

Avagoodweekend!

Share

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.