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Jester_Vandalay

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Jester_Vandalay

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Sunday, 11/24/2013 8:19:57 PM

Sunday, November 24, 2013 8:19:57 PM

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Why Goldman Sachs’ predicted 15% iron ore price fall helps Soros

Lower iron ore prices will be one of the major catalysts for higher dry bulk shipping rates in 2014. According to a recent Bloomberg article on Goldman Sachs’ forecast for iron ore prices in 2014, gold, iron ore , soybeans, and copper are all expected to drop at least 15% next year due to supply increases....

Soros Source Link

The story of dry bulk shipping growth doesn’t just stop at falling iron ore prices. For iron ore producers to keep expanding projects, they must expect prices to remain favorable when additional capacity comes online. Recent commentaries on currency rates and reforms have been encouraging, and they should positively impact demand for dry bulk vessels in 2014 and 2015.

Currency Rate Link

"When there is a gold rush on, it's a good time to be in the pick and shovel business." Mark Twain

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