There’s nothing like good growth to upset Banana Man. After all, that means less stimulus which is all that matters: Big Iron is down too: Big Oil is also sagging: And Big Gold: Big Bubble too: And Big Liar: EOFY sell! Avagoodweekend.
I thought he’d been whipped but how wrong I was. Banana Man is back and he’s buying Dalian: He doesn’t need a reason when he has himself. Big Iron is booming: How far it can get I have no idea. It is has no underpinning to guide us. Big Gas is flying too on the
China is stimulating again so it’s time to buy Straya! Dalian is still up 6% on yesterday: Big Iron is piling it on: Big Gas too: Big Gold hosed as bond yields jump: Big Bubble bought: Big Liar too. REA is launching as it goes into mortgage broking making it bubble central: Shame China isn’t
Dalian just went sick: Big Iron is following: The trigger appears to be a speech by Chinese Premier Li Keqiang in which described the momentum of world economic recovery as “insufficient“: Anti-globalisation voices emerging World political risks on the rise Momentum of world economic recovery insufficient economic growth needs to ensure fairness, sustainability limiting trade
A little bid in Dalian today: Big iron too: And Big Gas: Big Gold down a bit: Big Bubble mostly down too: And Big Liar continues to reach for the stars anyway: Because Australia is different.
Dalian continues its recent pattern of firming at night and sagging during the day today: Big Iron is mixed: Big Gas is still stinky: Big Gold is up: Big Bubble is reeling: And Big Liar is as mendacious as usual as REA breaks out: As Australia goes ex-growth so does it’s share market. Avagoodweekend.
Dalian soft today which makes sense since its outlook is getting worse not better: But the technical action is enough to have reversed some of yesterday’s losses in Big Iron: Big Gas stinks of false hope today as it rises a little: Oil going sub-$40 in my view… Which means Big Gold is a buy
Dalian has opened flat: Big Iron has broken with FMG right at new intraday lows, BHP crashed through them, and even coconut vendor RIO under pressure: Big Gas is now burning out of control with STO pointing straight towards new 40 year lows: Big Gold is chopping wood in its correction: Big Bubble is bursting
From Macquarie: Fed still gold’s key risk and opportunity The Fed remains the key risk and opportunity for gold. Raising rates despite low inflation, and promising far more hikes to come, seems bearish gold and in the short-term it is. But ultimately we believe the Fed will realise it can’t deliver –so rates will
Dalian is wandering aimlessly today: Big Iron is mostly up: Big Gas is burning: Big Gold is correcting: Big Bubble has had its run seemingly: Big Liar is soldiering on: And a bonus chart today, hope your enjoying Australian exceptionalism: If not, try the MB Fund launching July 1st with a 70% international equities allocation. Sign
Dalian is holding up today: But Big Iron is getting hit with FMG at new closing lows as Citi downgrades: There is a very long and embarrassed list of brokers to follow… Big Gas is getting a little relief: Oil has further to fall… Big Gold is off as DXY rebounds: Big Credit is up
The ASX two day boomlet has fallen over today, down 1.4% as I write. It started badly but then got worse with the good jobs number: I guess the market was sneakily readying for more rate cuts. Not yet. Meanwhile, Dalian is stable: But Big Iron is getting slammed (even coconut vendor RIO): As oil
Don’t look for rationality here. Dalian is soft: But Big Iron is mostly up: FMG is up 1% even as iron ore hits new lows. Makes no sense but the 58% discount has eased a little so not entirely crazy, either. More losses ahead. Big Gas is mixed: No upside here as oil falls with
That seems to be the depth of reasoning overtaking the share market today as banks soar. After all, nothing says buy banks more than a crashing global yield curve and an even more rapidly deteriorating local economy. Booya! Go figure. Meanwhile, Dalian is OK so far: Though Big Iron is not so good following overnight
Dalian is moderately ill today: But it’s Costanza day on the market, “do the opposite”: Perhaps it’s this tripe from CBA: “Rising seaborne and domestic Chinese supply and muted restocking demand help explain the recent slump in iron ore prices,” he says. “The higher prices that prevailed earlier this year likely reflected temporary factors, such
Dalian is soft today: Big Iron is down: FMG has broken to new lows. Here’s the monthly chart: How low does it go? All the way in my view. Although it has deleveraged, it is now confronting a potential structural shift in the steel market in which abundant lower quality ore becomes the fulcrum for
Dalian has held onto mild overnight falls today: Big Iron is up anyway: Big Gas is up a little: Big Gold is powering: Big Debt sold again this morning but not negative GDP gave it enough hope to rebound: Big Spruik plods on: Pretty boring today.
Dalian holding up today: Big Iron is falling anyway: Big Gas too on weak oil: STO is headed for Hades. Big Gold still trending higher: Big Debt is in trouble as CBA looks at a new closing low and all others fall: Big Liar is OK: ASX200 looks very shaky, stalled at the neckline of
Dalian has held some of Friday night’s gains but looks a bit shaky: Big Iron too: Big Gas is stinking it up with STO leading into the pit: Big Gold is shining: Big Debt is getting flogged again: As the yield curve flattens: That relationship is entirely clear: And Big Liar is soldiering on: While
Dalian is mixed today: BHP has announced that Mt Whaleback will not impact output. Big Iron is generally up: Big Gas too though STO is still sinking: Big Gold is bearing up: Big Debt is riding the dead cat: Big Liar is OK too though McGrathmaggeddon has hit another new low: Good to see. Avagoodweekend.
Iron ore has re-opened in Dalian and immediately sunk to new correction lows, coking coal is down even harder: Big iron ore down a little but not enough. RIO’s coconut business is booming: Big Gas is down and STO is paying for its magnificent strategy of blackmailing the country: Big Gold plods on: The Big
Right on cue, the ASX has sunk to new lows below 5700 in its building correction: Big Iron is up: Big Gas down: Big Gold firm: Big Debt is still sinking: And Big Liar: We await China re-opening tomorrow. All that matters now is how fast iron ore sinks through the year. That will pace
No China today so the crapped out ASX is left to deflate all by itself. Big Iron ore is leading it with FMG approaching new post-correction lows: No real news today though the Platts China Steel Sentiment survey has cratered: The S&P Global Platts China Steel Sentiment Index slumped to 33.1 this month from 45.1 in April,
Exactly right: And this: Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike. In fact, the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry. At time of publication, the bitcoin price now
Terrific discussion on the risks of Ponzicoin from John Rubino here. Meanwhile, volatility rising:
Dalian is having a bad day with iron ore futures crashing nearly 7%: Big Iron isn’t falling as fast as it should: Big Gas is upish: Big Gold is down as the USD firms: Big Debt is still falling: And Big Liar is mixed with MEA threatening new lows: Australia inc under intensifying pressure.
Dalian is soft today: No obvious reason for it beyond good sense and the looming wipe out of Noble Group which may be forced into inventory liquidations!…Big Iron has eased: Big Gas is firm on OPEC: WPL and OSH look bullish on the charts but they’re still way overvalued assuming $65 oil. Big Gold is
There really is no accounting for people. They are crazy. Dalian has lost some of its overnight gains today: But Big Iron hysteria is in full swing as miners move into selling coconuts. BHP is up, RIO is powering into its next boom and FMG surging another 5% even though it is giving away dirt at
Dalian is stable so far today: Big Iron is rallying as CS tells all that iron ore is going back to $70. My answer is who cares? If it does it will only add to port stocks and crash the price even lower shortly afterwards: Big Gas is down despite oil: Big Gold too: Big
Dalian as given up overnight gains: Big Iron is mixed with the really dumb RIO trade holding it up while others whither: Because this time RIO is different (shakes head). Big Gas is down despite oil: Big Gold flying: Big Debt down hard again: Big Liar is split as FXJ soars with the second bid
