rossw Posted February 5, 2009 Share Posted February 5, 2009 thanks wren. I'll go check it out. Might be worth adding to my morning reading list. Link to comment Share on other sites More sharing options...
flower Posted February 5, 2009 Share Posted February 5, 2009 R: David Fuller, should he still be behind this is or was one of the best, but these days the bulk of things affecting the PM's are discussed for free on www.gold-eagle.com Link to comment Share on other sites More sharing options...
veeone Posted February 5, 2009 Share Posted February 5, 2009 Recovery will be slow but it's a start and it will be interesting to watch over the next few weeks to get an idea of how it is going to pan out. V1 Link to comment Share on other sites More sharing options...
flower Posted February 6, 2009 Share Posted February 6, 2009 Overnight the Baltic Dry Index rose ANOTHER 14% ie in 2 days its risen a whopping 29%. Link to comment Share on other sites More sharing options...
flower Posted February 8, 2009 Share Posted February 8, 2009 Have found the BDI can be tracked daily on the MDS software. The recovery (potential?) is of utmost importance to the ASX bulk commodity exporters, and explains the recent move up in the iron ore shares for example. Will keep watching this, especially as it appears to be on a weekly resistance. Link to comment Share on other sites More sharing options...
flower Posted February 9, 2009 Share Posted February 9, 2009 Feb. 9 (Bloomberg) -- Iron ore is recovering from a three- year low just as Cia. Vale do Rio Doce, Rio Tinto Group and BHP Billiton Ltd. start talks with Asian steelmakers to set prices for annual supply contracts. Prices rose 33 percent since October to $84.50 a metric ton for immediate delivery in ChinaÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s spot market after stockpiles in the largest consumer of the metal dropped last month. Reserves fell 22 percent from the record reached in September, while shipping costs more than doubled this year as orders picked up. Imports of iron ore into China rose 6.2 percent in December, customs data show. ----------------------------------------------------------------------------------------------------------- etc etc Link to comment Share on other sites More sharing options...
flower Posted February 10, 2009 Share Posted February 10, 2009 BDI ROSE another whopping 11% overnight Link to comment Share on other sites More sharing options...
flower Posted February 15, 2009 Share Posted February 15, 2009 The BDI is an index concerning the transport of DRY matter--not liquid matter---it should be discussed HERE!!!!!!!!!!!!!! ----------------------------------------------------------------------------------------------------------------------------- The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."[1] Link to comment Share on other sites More sharing options...
Marsupial Posted February 16, 2009 Share Posted February 16, 2009 The BDI is a very important gauge as to international movements of dry commodities. Looking up as I see it now that China have started re stocking and infrastructure projects start to grow. Link to comment Share on other sites More sharing options...
flower Posted February 16, 2009 Share Posted February 16, 2009 Marsupial, spot on. By watching the BDI closely one would have then spotted the turning point in the Chinese Stockmarket. You didnt have to be a Rhodes scholar to pick what FMG would then do! Another leading indicator to an ASX stock (FMG) Link to comment Share on other sites More sharing options...
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