ASX won’t rise with US but it does fall with it

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The Aussie dollar is off a little:

Bonds too:

XJO has given back a few day’s of stubborn gains following Wall St:

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Dalian is firm:

Big Iron is soft with FMG off the highs:

Big Gas is falling with more ahead as massively overbought oil corrects:

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Big Gold is still cautious:

Big Sleazy is off as CBA appoints a man well versed in its corrupt past:

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Big Puswad is falling. MEA is plumbing new depths with a new intra-day low at 45 cents its next milestone:

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It could halve yet.

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.