Written By Basilio Chen

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

The following is latest charts on copper and Baltic Dry Index.

 

Copper tried to rally stopping at 2.10 back down to 2.02.

image

 

In the weekly longer term, it has been consistently down over last 3 years.

image

and for the Baltic Index, it keeps reaching lower lows, now at 290. 

image

Looking at a longer term chart 2001 til recent, can see that it was once in 2007 at 11,400.

On the precious metals (gold) end, we have uptrend

image

Created primarily due to the drop in US Dollar as of December 2015.

image

A much longer term shows that 2011 US Dollar appreciated and Gold would downtrend.

image