Buy dirt, sell debt

The Aussie dollar is off during the day:

Bond yields have retreated as well raising the prospect of false breakout for the two year:

XJO is falling modestly:

Dalian is down given it priced the Chinese stimulus long ago:

But Big Iron never did. RIO is ecstatic. FMG not so much:

Big Gas is off:

Big Gold is getting a sniff. It could be a very short term play over the next few months into the US mid-terms:

Big Mortgage is a bust. Herein lies the problem for rising yields:

Big Realty is fading:

When China stimulates it’s buy dirt and sell debt. It may seem a stupid binary but it’s all that matters to 90% of Aussie fundies!