I was going to refrain from yet another comment on that chestnut, the Baltic Dry Index... but I can't help myself:)
I've never been a fan.
It is making a new low as the price of copper has made a new alltime high record?
And as an indicator of where our resource stocks are....not even close.
BHP at an 18-month high, high while the Baltic Dry supposedly tells us it should be in a price slump.
thursday, page-44
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |