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Baltic Dry Index
flower
post Posted: Dec 15 2009, 05:49 PM
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In Reply To: veeone's post @ Dec 15 2009, 04:59 PM

Declining shipments of bulk commodities are a bearish sign for China (the primary customer) and global resources stocks.
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V1: Can see we are going to have some fun with this indicator!

1: The BDI has RISEN 472% in one year--so what in the name of all thats holy does one months minimal drop really tell you
when the index only reflects indicated shipping rates?

2. Since the BDI is as in 1--an indicator only---does one months drop mean SHIPMENTS are dropping today--of course it doesnt.

3. Why is one months drop in a shipping price indicator a bearish sign for China?

4. Why bearish for commodities? (commodities in general?--BDI is a dry indicator and mainly for iron ore)

Presume Colin Twiggs--in the end wants to sell you something--probably some software---ask him why the 2010 Iron Ore price negotiations just starting tip a 20% increase for fines in 2010--China's car production went up 100% this year--going to stop next year?
Attached File(s)
Attached File  BDI_up_400_.gif ( 7.16K ) Number of downloads: 12

 




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Combining Fundamental comments with Fundamental charts.
 
veeone
post Posted: Dec 15 2009, 04:59 PM
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Time for its own thread i thought....
Twiggs latest
We have mixed signals this week, with Fedex ready for a take-off, but the Baltic Dry Index is faltering. Reflecting international bulk shipping rates, the index reversed below support at 4300 after a marginal break to a new high. Falling Momentum warns that the primary up-trend is weakening. Declining shipments of bulk commodities are a bearish sign for China (the primary customer) and global resources stocks.


 
 


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