Dry Market buoyant; Wets get dried out… and geopolitics on fire
The BDI (Baltic Dry Index) gained 26 points earlier on today and now stands at 1,774 points. Geopolitics in complete perplexed mess. John Faraclas’ brief daily recap:
All Dry Indices were on the plus; the Capes’ BCI stood at 3,266 – up 44, the Panamaxes’ BPI up 34… at 1,932!
Single plus digits for the Supras and the Handies; the BSI was up five at 975 and the BHSI clinched just one point.
The Wets’ fall, although minimal, raises questions; the last published BDTI (Dirties) and BCTI (Cleans) stood at 626 – minus one and 485 – minus three points respectively.
The WTI gained 43 cents since last Friday the 9th of August and now stands at US$ 54.93
The Geopolitical environment …smells of gun powder so to speak and ultra CAUTION should be advised. The leading nations and their leadership have opted for business and NOT FOR PEACE. All those pacifists of the late sixties and seventies that now rule Planet Ocean they make it a mess and they introduced a debt of US$ 250 (twohundredandfifty) trillion so thee is no other exit but that of War, the Father of all, so you MUST destroy in order to rebuilt…
The MIGRANTS still the top issue but the politicians, diplomats, NGO’s and their cronies they have make it a total mess… Inhumanity rules today’s parliaments world-wide and in particular in Europe.
The faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa continues to give more uncertainty.
Spain, France, Italy, the Balkans, East Med, Greece, Cyprus and Turkey, the entire Middle East, the Persian Gulf with the infamous now Straits of Hormuz, India and Pakistan; add the entire northern Africa and see what you get!
Italy might have a new prime minister and Salvini eyes this position; can you imagine what he will do?
BREXIT has now more twists and turns and be prepared – that applies for all, all over Planet Ocean, for strange phenomena…
In Hong Kong’s airport flights have been suspended due to the anti-government demos there. Wonder if this continues tomorrow… CAUTION.
At the other side of the Atlantic, in the north and in the USA in particular, president Trump has a lot of work to do, as difficult days lay ahead for him and the USA…
In the south the Peronistas pre-election win in Argentina caused the biggest upset in the markets for nearly 70 (seventy) years. The fall of shares was monumental and the peso crushed! The failure of Macri is inevitable. CAUTION as during the beginning of the Greek crisis in 2009-2010 Argentina was “paused” as an example of recovery. Wonder were all these analysts and political morons hide… Whose crying for you Argentina?? Whose crying for you Greece…?
That’s all for tonight, mind tomorrow Tuesday 13th – the Greeks’ Friday 13th…
Ah! Add the Trade War between the USA and China and see what’s coming next!!!
Have a nice evening, continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean and as said on Friday unwind during your holidays.