Gold

Big Iron is hanging on despite decent losses last night in London, helped by Dalian as it firms another few points at the open after last night’s gains.

Via Macquarie Bank:  EVN reported strong underlying earnings for FY16, in line with our expectation.

Dirt has broken out today with BHP and FMG at new rally highs up 2% apiece, RIO is the new laggard up 1% and still 5% below 2016 peaks.

From Smart Investor: Resource stocks are now starting to look very interesting.

Courtesy of Morgan Stanley: Gold equities have re-rated to historical peaks or above.

Because Banana Man is loose once more.

The Big Iron bubble is little changed over my break if off today.

Big Iron has responded soberly to the building price bubble today as Dalian opens -2%.

You can’t keep a good Banana Man down and a falling USD is just what he needs to inflate the iron ore bubble some more.

The Big Iron bubble is off the boil today as Dalian has lost last night’s gains this morning.

Dalian opened this morning and immediately rocketed 3% presumably on the back of the G20 nothing.

From The Australian: June quarter reports from gold producers are confirming what rampant share ­prices in the sector have already indicated: the industry is booming.

Big iron is down today as Dalian slides another one percent at the open with BHP -0.7%, RIO -0.9% and FMG -3%: FMG can fall right down $3.50 before threatening its uptrend: The idiocy spread has also bottomed: And its spread to 58% iron ore looks to have peaked.

This is a real worry, from Trevor Sykes: Despite all this expertise, gold is looking strong.

Cross-posted from Investing in Chinese Stocks: According to the Customs Bureau, the surge in imports from Hong Kong is due to a new gold refiner as foreign countries move their operations closest to the heart of the global gold trade.

Wow.