vrijdag 10 februari 2012

Baltic dry is forming a bottom

Looks like the BDI is forming a bottom. It could be that demand for industrial commodities is growing temporarily.

It is very important to know that the BDI doesn't correlate very well with commodity prices, but it correlates excellently with demand. If demand picks up in the coming months, we could see gains in stocks while people flee the dollar cash.

Baltic Dry Index

Baltic Panamax Index

Baltic Supramax Index

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