thursday
Thursday, good Morning. I will not share my view about ABI but another worthy point all should be watching is the Baltic shipping index. It is a long term indicator of the economy. Basically if real ships are not moving "real heavy goods" than the global nonsense that the everything is coming up roses is pure political feed for the sheep.
In news speak:
The Baltic Dry Index, an obscure economic indicator that monitors the health of the world's economy by tracking the price of shipping dry goods over oceans, has fallen to its lowest level in 29 years.
Now what is the oldmariner sharing here? We have all been told in the last two decades we were to before a service based nation...manufacturing was not important ( complete fools to believe this manipulated history). So here we are almost completely depended on import "goods" ....Think about it for a moment and know gold and silver will soar to unknown heights when the manipulators of central banking systems loses the day....
The facts that they are completely in control at this junction in time does not mean they can win the day....in my humble opinion. So very complex and never forget there is no single answer....