Wednesday, August 14, 2013

Keep an I on the BDI

Talk of good economic numbers out of China.

And ditto for Europe.

Makes me refocus on the Baltic Dry Index.

Chart at this site

And a daily quote

The price of dry bulk has been in a long flat channel. I would expect prices of ships to go up, and when the price starts breaking above the recent channel will most likely get the attention of more people.

Dianna Shipping is poised. And the rest will follow.

I won't get to far ahead of these though.

Control risk,

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