Tuesday, February 7, 2012

Baltic Dry Index vs Gold - May 2011 to February 2012 (chart)

The Baltic Dry Index signals current global growth trends. It is one of the purest leading indicators of economic activity. It measures the demand to move raw materials and precursors to production, as well as the supply of ships available to move those cargoes.

The BDI is a daily average of prices representing the cost paid by end customers to have a shipping company transport raw materials across seas on the Baltic Exchange, the global marketplace for brokering shipping contracts. The index is quoted every working day at 1300 London time.

The world's largest freight shipping terminal is the Port of Shanghai (China). Lloyd's List (London) reports that container traffic through Shanghai fell by 100,000 boxes (four per cent) between January 2011 and January 2012. During this period, Shanghai shipping volumes decreased by over one million tonnes. More here (06.02.12).

1 comment:

  1. According to the news, we don't have to worry since gold and silver prices will rise again. come Monday.