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Wednesday, June 22, 2005

Baltic Freight Dry Index

"In his famous book, “Manias, Panics, and Crashes,” Charles Kindleberger documented that all manias are accompanied by frauds that surface when the mania turns into a crash."

This link is to a Frank Veneroso report entitled VENEROSO’S VIEW, Commodities: Base Metals, Market Manipulation Outlook: Very Bearish

There is a Baltic Freight Dry Index chart as well as a Baltic Freight Dry Index chart with the price of copper overlaid on it.

If there is a world economic correction coming, expect governments to create fiat tokens out of thin air to fight it, because that is usually what they do. Creating fiat tokens out of thin air is good for the price of gold and silver.

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