baltic dry index falls 93%, page-9

  1. 11,522 Posts.

    Posted a few days ago on XJO:

    BDI has good positive correlation to Copper Price.

    All three lowest values in BDI correspond to regions of three lowest realms in Copper price. Same with peaks.

    For the lows:

    85-86, BDI ~ 550s-700, Cu ~ 60c
    98/99, BDI ~ 770s-900, Cu ~ 70c
    01/02, BDI ~ 840s-1000, Cu ~ 50c.

    BDI currently in mid 700s, but Cu rallying above $1.70.



 
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