Big Dirt wakes in fright

See the latest Australian dollar analysis here:

Macro Afternoon

Hoocoodanode? The Australian dollar is trading right at the breakdown line:

Bonds are bid:

XJO is absurdly high for the virus context:

Big Iron is beginning to come apart. I’ll take that FMG blowoff day a few weeks ago straight to the pool room:

Big Gas free fall:

Big Gold is bizarrely unpopulsr:

Folks prefer Big Banks, especially CBA:

And Big Realty:

A bad idea if there was ever one.

David Llewellyn-Smith


  1. Hyundai car factory in Korea closes because of supply chain problems from China. So the virus impact is taking it’s first large victims outside of China and it’s a good bet that other car manufacturers in Korea and Japan will be close behind.
    I was thinking that factories in China today will see the full extent of who hasn’t been able to come back to work and already calculating the impacts on supplying products and services. This will in turn alert companies over seas and we might see a rash of companies disclosing supply issues over this next week or two.

    • roylefamilyMEMBER

      Filipino staff at our big tier one contract manufacturer in Shenzen not allowed to go back to China after the holiday. Don’t know who to talk to.

    • Same. I bought in at $9 in nov and am very happy. I also bought RRL at $4.20 and Saracen at $3.08. RRL has underperformed since they missed out on super pit… the other two, rockets.