As predicted, coking coal is now breaking down in sympathy with iron ore. …..That’s 10% in two weeks. Thermal coal is down 10% in two months. Ore is now down over 20% in two months. These three commodities make up 50% of the [Australian] terms of trade.
via Terms of trade taking a hammering | | MacroBusiness.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.