Samba is silent.
Lakes ore trade finally shakes off last winter
Shipments of iron ore on the Great Lakes totaled 5.9 million tons in November, an increase of 5.8 percent compared to a year ago. That increase finally pushed the year-to-date total ahead of 2013’s pace. Through November, shipments stand at 53,249,990 tons, an increase of 86,721 tons.
While the increase is minute, the achievement is huge. The winter of 2013-14 was the most brutal in decades. The U.S. Coast Guard started breaking ice on December 6, the earliest on record.
Although ice has formed on Lake Superior and elsewhere two weeks earlier than last year, shipping has yet to be significantly impacted. Once vessels need assistance, the U.S. and Canadian Coast Guards will initiate icebreaking. Operation Taconite supports the movement of iron ore to steelmakers and western coal to utilities. Operation Coal Shovel keeps coal moving from Lower Lakes ports.
Source: Lake Carriers’ Association 12/15/14
My bad. They are entirely dry bulk carriers. That is why they have not participated. NO more specific carrier in this space than the notorious FRONTLINE LTD
look at the Bollinger bands overlay. this daily price action is tracking just inside the lower Bollinger band. and its pointing due south. given the tax loss selling, no credible accumulation will begin to take place until the first week of January. technically, do not buy here......
tax loss selling season . the momentum targets have been chosen. Hedge funds are do for a monthly victory. only October,an January. they know how to reap a harvest.. and the next 4-5 weeks they will be harvesting a bounty.
My dd led me to SN. Most pronounced was the cash per share on the balance sheet. Next was the size of the float. In hindsight, I should have put USO on a maximum chart with Bollinger bands. There the breakdown in oil price out of a long term channel can be seen.This is clear in September and continues to be clear. Im surprised louise yamata or carter worth were not out in front of this.
check it out on yahoo, USO 10 year chart, Bollinger bands. clear as day. the domino effect could be very severe. The deep sea drillers, went from 500k a day contracts to 300k a day contracts.