The Baltic Dry index is trending downwards.
Although this could be oversupply with new ships coming online, I interpret this as a definite signal demand is weakening.
Not sure how big the stockpiles are in China, but if demand weakens prices should drop.
I think people in Australia are becoming more aware that Mining is not the "solution" for all our economic future.
Iron ore and gold are currently Way over priced. As gold "retracts" expect the USD to strengthen.
At levels above 105USD Australian - I think buying some USD would be a good investment.
Europe demographically cannot "work" its way out of its commitment to old people with pensions etc. Spain is in real trouble, along with Greece and Italy. The real question is whether Germany will stay in the EURO because they will tire of bailing out these economies when they are strong.
If the EURO keeps trending upwards, will be good for tourism from OZ
