Fortescue down shaft as ASX glimpses light

David Llewellyn-Smith

Thursday, 5 April 2018

The Aussie dollar is down during the day:

Bonds have bid away from an extraodinarily stupid yield break out:

XJO glimpses the light:

As FMG falls down the shaft:

My 2GB radio appearance has failed to derate Big Gas:

Big Gold is still waffling:

Big Sleazy is kidding itself that it’s over:

And Big Puswad is getting a good squeeze:

All the ducks lined up.

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.