Tuesday, January 31, 2012

Baltic Dry Index Sheds Another 3.3% to 702

The Baltic Dry Index dropped another 3.31% today to 702, as it threatens to break 2008's all-time low by the end of the week.


702.00 -24.00 -3.31%

While not yet updated for today's decline, this Investment Tools chart of gold vs. the BDI indicates a massive sudden divergence between gold and the BDI- indicating that priced in real money, the global economy is currently in the middle of a Wile E. Coyote moment.

Baltic Exchange Dry Index (BDI)
& Gold (gold)