Daily iron ore price update (commodity crazy town)

By Houses and Holes in Commodities, Iron ore price

at 10:00 am on January 13, 2022 | 0 comments

The ferrous complex has joined the commodity crazy town engulfing global markets. Everything was up on January 12, 2022:

Commodity crazy town is here:

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A falling US dollar based despite Fed tightening.
Strong US inflation.
Chinese stimmies and OMICRON disruptions driving more inflation.

This will now be a battle to the death between stagflationist robots bidding for dirt driving global higher for longer and the tightening Fed.

I still think that iron ore is a bear market rally that will roll over the moment sense returns.

But when that is is now caught up in the widening gyre of commodity crazy town!

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Houses and Holes

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.

Latest posts by Houses and Holes (see all)

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