| Articles related to Baltic Dry Index |
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 | Andy Hoffman - Miles Franklin |
| “The Fed’s “Fatal policy error” – and clarification of my Donald Trump thesis.” |
| This is crazy; as the last time I awoke at 1:00 AM to write, was the night of the BrExit – after having been awoken by a phone call, by someone seeking to buy gold. Subsequently, I couldn’t sleep – not to mention, as I wanted to get my post-BrExit article out before my early morning flight to Chicago, for the Q&A session Andy Schectman and I held the following evening. Which, I might add, Andy and I promise to re-start later this year, in a city near you!
This time around, the circumstances weThursday, February 2, 2017 |
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 | Mickey Fulp - Mercenary Geologist |
The 14-Year Record of the Baltic Dry Index  |
| A Monday Morning Musing from Mickey the Mercenary GeologistEarlier this year I documented seasonal moves in the prices of gold and oil over the past 20 years, copper over 13 years, and the Toronto Venture Exchange Index over 14 years (Mercenary Musings: January 4;March 28;April 11; June 13). I now present our research on the seasonality of the Baltic Dry Index (BDI). In this case, we obtained data from 2003 to 2016. In a series of normalized charts, we will show that for bull, bear, and overall Wednesday, December 21, 2016 |
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 | Jeffrey Lewis |
| War is Peace, Silver is Plentiful, and Other Misconceptions |
| The urgency for owning a financial put against the stupidity of central planners and politicians grows by the minute. We continue to witness a multifaceted array of failure heaped upon failure while repeating history on a dramatic scale.One of the great new wonders of the modern world is the credibility given to high profile economists. Obviously, they have no skin in the game, as their predictive misses have the curious effect of giving them even more credibility.The fact is that they have beenFriday, September 16, 2016 |
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 | Steve Saville - Speculative Investor |
| Shipping rates will never go to zero |
| When the Baltic Dry Index (BDI), an index of international ocean-going freight rates, plunged to a multi-decade low early this year it provoked excited commentary from the “economic armageddon is nigh!” crowd. An example can be found HERE. However, bearish commentary is unhelpful after the prices of useful things have fallen to the point where the suppliers of these things are financially in dire straits.
There’s always a risk that the stock price of an individual company will go to zero, but thThursday, July 14, 2016 |
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 | Michael Pento - Delta Global Advisors |
| Ready or Not the Recession May Have Already Arrived |
| While investors have been focused on the perennial failed hope for a second
half economic recovery, they have been missing the most salient point: the
U.S. most likely entered into a recession at the end of last quarter.
That's right, when adjusting nominal GDP growth for Core Consumer Price Inflation
for the average of the past two-quarters the recession is already here. But
before we look deeper into this, let's first look at the following five charts
that illustrate the ecTuesday, July 5, 2016 |
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| Andy Hoffman - Miles Franklin |
| The Worst Global Economy Of Our Lifetimes, Part Ii |
| Wow, what a crazy turn of events! To start, we saw perhaps the biggest one-day manipulative tsunami in financial market history; with the PPT and “oil PPT” turning the horrific results of the Doha oil producers’ meeting – i.e., the “most overhyped, non-event in financial history” – into a cause celebre, by reversing overnight stock and oil losses the second the NYSE opened. And in prototypical, Fed-like fashion, propagandizing of the “next” oil producer meeting in June, as the reason all willWednesday, April 20, 2016 |
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 | The Gold Report |
| Bob Moriarty: Trump Candidacy Is Sign of a Falling Empire and a Rising Resource Market |
| Dramatic daily moves in the U.S. dollar, gold prices and the larger markets are pointing to a global banking collapse that will send resource prices higher in 2016, according to 321gold.com founder Bob Moriarty. In this interview with The Gold Report, he shares his insights on how mining equities will react and five names he is watching.
The Gold Report: Last year at this time we talked about the Swiss decoupling the franc from the euro. Greece was a daThursday, February 18, 2016 |
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| Andy Hoffman - Miles Franklin |
| Will Wednesday Be the Long-Awaited "Yellen Reversal" |
| Those following me closely know I never attempt to “call” the Precious Metals bottom. Nor, more broadly speaking, when manipulative control of not just gold and silver, but the rapidly thinning veneer of “stability” the powers that be have cast over economic trends and financial markets, will be (permanently) destroyed. However, in the past three weeks or so, I have decidedly changed my tune – in no longer stating that it’s “coming”’; but to the contrary, that this point has been reached – NOWMonday, February 8, 2016 |
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| Andy Hoffman - Miles Franklin |
| FEAR, IRA’S, AND JUNK SILVER |
| The PPT can huff and puff until its cancerous, tar-filled lungs are empty. Central banks can take rates to unprecedentedly negative levels; and the MSM can create all the – pardon my French – bulls–t rumors about potential Saudi Arabia and Russian production cuts. The Cartel can fix the silver “fix”; the Spanish government can “outlaw” Catalonian secession; the Troika can pretend Greece is “bailed-out”; and the BLS can claim 5% unemployment to its heart’s desire. But when all is said and doneTuesday, February 2, 2016 |
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| Andy Hoffman - Miles Franklin |
| Japanese NIRP – Not Even Close to the Most PM-Bullish News! |
| First off, I’m proud to say that the debut stop of my nationwide “Q&A rap session tour” with Andy Schectman, here in the Denver/Boulder area, was a rousing success. Consequently, we are immediately planning our next stops. Which, if you believe you can facilitate – by either bringing together a group of interested individuals; or helping us secure a suitable, cost-effective venue – would greatly influence our choice of the next city to visit. Separately, Andy Schectman’s nationwide speaking tMonday, February 1, 2016 |
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| Andy Hoffman - Miles Franklin |
| THE RAPIDLY APPROACHING LAYOFF TSUNAMI |
| Well, I may not have had “much” to say yesterday, but I SURE DO TODAY! My god, have the “horrible headlines” multiplied in the past 24 hours (it’s early Tuesday morning), which the following two pictures summarize perfectly – in spades.
Yes, the Baltic Dry Index plunged 6% last week to a new all-time low, down a whopping 70% in the past five months. Meanwhile, the Shanghai Stock Exchange, despite yet another “record liquidity injection” by the PBOC, plunged 6.4% today alone – down 46% from JTuesday, January 26, 2016 |
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| Dr. Richard S. Appel - Financial Insights |
| Common Stocks Crash Through The Ice |
| United States equities have long been skating on thin ice. It appears they have finally collapsed through it, and are now treading water before sinking deeper. From an historical standpoint, they have arguably been overpriced for most if not all of the past twenty years. Their dividend yields, price-earnings ratios, price to book values and other meaningful measures have long ago gone beyond all safe valuation parameters. For over hundred years, similar conditions have always signaled caution, iFriday, January 15, 2016 |
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| Andy Hoffman - Miles Franklin |
| AN ATOLL IN A TSUNAMI |
| Since Thursday’s must hearAudioblog, the global economic situation has weakened dramatically – as the equity market’s worst-ever start to a New Year; following its worst-ever year-end; has been matched only by the horrifying collapses of commodities; high yield bonds; and last but not least, currencies – as China’s loss of control of not only its stock market, but “offshore Yuan” trading, has – per the title of Thursday’s article, “set the stage for a global currency catastrophe.” To that end,Monday, January 11, 2016 |
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 | Clive Maund |
| Market Crash - Last Week Was The 2nd And Final Warning |
| Many were talking about the market crashing last week and the mainstream financial press were waxing hysterical, but as we will now see the crash hasn't even started yet. If the press got like that last week, imagine what they will be like when it really does crash - last week was just a "warmup", the 2nd and final warning, the 1st warning was the plunge last August. On the 10-year chart for the S&P500 index, we can see that while the market did indeed drop hard last week, it still has not brokeSunday, January 10, 2016 |
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| Andy Hoffman - Miles Franklin |
| PBOC LOSES CONTROL OF YUAN PEG, SETTING THE STAGE FOR A GLOBAL CURRENCY CATASTROPHE |
| It’s early Wednesday morning, with gold up $14oz; silver up $0.15/oz; and “everything else” – from oil (Brent crude at 2004 lows!), to base metals, equities, junk bonds, and Treasury yields crashing. Whilst, in the wake of yesterday’s “crashing currency cornucopia” article – countless currencies, “commodity” or otherwise, are freefalling.
Let’s just start with some of the “minor” horrible headlines of the past 24 hours; after which, we’ll build up to the BIG KAHUNA that has the global economy aWednesday, January 6, 2016 |
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| Andy Hoffman - Miles Franklin |
| ASK YOURSELF… |
| Now that the “transition year” between economic purgatory and hell is over, ask yourself exactly what happened in 2015, and what it means.
Ask yourself, is there something wrong when stock markets are “supported” every second of every day, yet not only end the year lower – for the first time since 2008 – but with the worst “breadth” in decades. To wit, following Friday’s bloodbath of an “anti-Santa Claus rally,” the Dow, S&P, and Russell all ended the year lower – with the average U.S. stock doMonday, January 4, 2016 |
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| Andy Hoffman - Miles Franklin |
| “DEPENDENT” ON WHAT |
| “Twas the night before a (likely) rate hike”; and not a creature,” certainly on Wall Street, or in Washington or the MSM, is the slightest bit worried. After all, the PPT’s day-and-a-half “hail mary” rally has, for now, reversed perception of the reality of a collapsing global economy to the oasis of “recovery” – by goosing the “Dow Jones Propaganda Average” 400 points, amidst an environment of some of the ugliest economic developments to date.
To that end, the “worst global dollar GDP recessioThursday, December 17, 2015 |
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| Bullion Vault |
| 'Big Risk' to Gold Price in Non-Zero US Fed Rate as Summers Sees Recession Threat, Goldmans T-Bonds Don't |
| GOLD PRICES held the $1060 per ounce level in London's wholesale market Tuesday, trading some 1.4% above this month's new 6-year low as Western stock markets rallied hard ahead of tomorrow's long-expected US rate rise from the Federal Reserve.
Crude oil stabilized above yesterday's plunge near 11-year lows but base metals fell again as the Baltic Dry Index of shipping costs fell almost 5% to a new 30-year series low according to Bloomberg News, pointing to the collapse in China's steel outputTuesday, December 15, 2015 |
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| Andy Hoffman - Miles Franklin |
| Equities and Precious Metals vs Everything Else |
| It’s early Monday morning at the San Francisco airport, eight hours after leaving Bix Weir’s fabulous “silver conspiracy event”; hosted by my indomitable long-time GATA compadre Bix Weir – who happens to be a fabulous singer – and his charming wife Amy, dressed to the nines in 1860s gold rush attire. On hand were 50 or so die hard believers in the noble, and eminently winnable causes of real money and free markets. Including, to name a few, my friend and mentor Bill Murphy; the veritable PreMonday, November 23, 2015 |
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| Andy Hoffman - Miles Franklin |
| If Left To It's Own Forces |
| I’m sorry if my Friday-written articles are less cohesive than the rest. Technically, it’s my day off; but given the relentless carnage in the global economy – and the most maniacal Precious Metal suppression in the 13½ years I’ve been watching – I feel as compelled to help you as to relieve myself by venting. And particularly this Friday, as I have seven pages of “horrible headlines” to filter in just the 18 hours since recording yesterday’s Audioblog, “crumbling before our eyes.” In other wMonday, November 23, 2015 |
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