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LET'S DO A LITTLE CONTEST!
HE WHO POINTS OUT THE TIME (hour + minutes + seconds) WHEN THE FUTURES GO GREEN WINS!
I say 8:48 and 45 seconds
8.38 and 11 seconds
7.23 and 9 seconds...
the house won...
Tyler if u could or any member could debate about this Ratio?
BDI vs OIL?
drought in russia?
The reason why the BDY was quite high was because ships used the excuse for expensive oil TO TRAVEL SLOWER.
saving gas and all...
But by increasing travel time, they where able to push the supply of ships down increasing the BDI and make more money if they lacked another follow up contract.
Now this is becomming very wel known and also because every warehouse is has stock for the next 20 years, the BDI is going down.
Give it another 6 weeks and the BDI will be at 800.
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