baltic dry index falls 93%, page-9

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.