baltic dry index falls 93%, page-7

Hi Aussie,

Good to see someone else followings these indexes. They are good "leading economic indicators". More investors "Should" watch these indexes and others to get an indication of where the world economies and individual are countries are heading.

Hopefully by posting these two indexes more investors will watch them as leading indicators as to where we are head.

Remember we, Australia, are predominately a commodity exporting country. With the world in recession it begs the question "Who will be buying our resource commodities now and into the near future?"

Also watch and chart the above indexes and also the the components of the ASX 200: Material (XMJ); Metals & Mining (XMM); Industrial (XNJ); AND the RYDEX Australian Dollar TR (FXA)

Cheers,
Brantley

http://www.incrediblecharts.com/tradingdiary

The CRB commodities index continues its descent, closely shadowed by the ASX Materials sector. The Australian dollar, supported by RBA purchases, is lagging at present, but is expected to show further weakness.