See the latest Australian dollar analysis here:
Not much for for Aussie assets today as the Australian dollar falls away:
XJO is down moderately but still has a bullish chart:
Bonds are bid:
Dalian is flat so far:
Big Iron has woken in fright from discounting only lollypops and rainbows. FMG at new highs as this unfolded was truly bizarre stuff. Plenty more downside here:
Big Gas is partying on…well…something invisible:
The technical pattern I invented the other day called “four black crows” has sunk Big Gold:
Big Zombie is spewing its cut price cash:
As Big Realty rotates from REA to DHG:
Not much of a market unless you’re positioned offshore!
David Llewellyn-Smith
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.
Latest posts by David Llewellyn-Smith (see all)
- Six years late, SmoCo discovers gas climate change solution - January 29, 2020
- FPA demands Frydenberg cork dirty LIT loophole - January 29, 2020
- Exclusive! Dr Victor Shih: Coronavirus MUCH worse than SARS - January 29, 2020
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By Chris Becker Hope returned to stock
Really want to short FMG, but I know how it will play out if I do:
– Take position
– Trump immediately goes full Eddie McGuire “No Deal!”
– China freaks out and decided to rebuild the entire nation (again)
– IO to the moon.
– I’m wiped out.
Sound about right?
That’s how it’s played out for me Geordie…
I’ll let you know when I short so you’ll know to go long!!!!
Yep. And also every tailings dam in Brazil will suddenly collapse.
good luck in that widow maker trade. One day maybe ???????
Dalian futures just spiked 2.6% for some reason. Now pulling back below 2%, but can’t find the news item that drove the move.
My mention of buying shorts? (Not the summer kind, either)
haha, Jonah!