Jonathan Cho
Gold, currencies, ETF investing, macro

Baltic Dry Index: Turning The Corner

Following its dramatic rise into 2008 and subsequent collapse, the Baltic Dry Index more or less pressured downwards, before flattening out in 2012 and breaking out to the upside in the summer of 2013. After pulling back roughly half its gains to the 1,500 area, the BDI then continued its rise at the end of Q4 2013 to new highs not last seen since the end of 2010.

For an investor, the question then is not only whether the higher BDI is sustainable, but whether it's the start of a new trend upwards. If so, it has a number of significant implications for national economies and financial asset classes.

The conclusion for this article is that the BDI has indeed...

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