Baltic Dry Index is an important leading indicatorI agree with The Rock
The up turn of the Baltic Dry Index (BDI) is an important leading indicator.
I understand the BDI has turned up from a very low level, however nearly all commodities have turned up with the BDI. These are all good indications.
Most commodity bears are brought on by over supply.
This commodity bear was started by the banking crises.
Very few new mines got built during part 1, of this multi year commodity cycle.
The fundamental reasons for the major bull commodity cycle, are still in tact.
The demand from 2½ billion people, China and India has not disappeared; it has only been delayed for a short time.
Raw material demand will come back with a rapid vengeance and supply will be limited.
NWX management understands the graph, The Rock supplied.
It tells management, they must act soon if they want to get projects at low prices.
Management has the ability and contacts; to get a new project of substantial value.
NWX will soon be in a new Bull Market and 20 cents will be a long way back.