Iron ore opens, crashes

David Llewellyn-Smith

Friday 5 May 2017

Dalian is open and iron ore is immediately flirting with limit down:

Coking coal not much better:

Big Iron is at new lows across the board though pretty good all things considered!

Big Gas is being slammed by oil:

So much further to fall.

Big Gold is getting trashed again:

I’d mull buying as it falls given the breakdown of oil will slow the Fed.

Big Debt is off again too:

And Big Liar can just go to Hell:

Avagoodweekend.

About the author

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.