Bought & sold 3 times yesterday & today. Currently out awaiting another pricing fall. Every time I look at this chart, it seems to be getting worse by Volumetrics. Watching the ships also, I have been tracking ship routes of Capsize, Panamax, Supermax and the Handysize, it seems a lot of the larger ships are berthing or carrying their freight slowly to destination of payment. So I checked the LIBOR and it has extinguished short term carries, seems to be a bit of a liquitity squeeze somewhat with TBILL auctions having fallen short. Might be the chipset news out of China. Not sure what that indicates at the moment, but watching it never the less. All the best to traders and long term holders alike.
BHP Price at posting:
$39.34 Sentiment: Buy Disclosure: Not Held
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