No one will confuse me with a market expert. A wise investor would look at my record on this blog and conclude that doing exactly the opposite of what I suggest is a high-probability way to success. You need look no further than the March 15 post about SSL and SND; no sooner had I published it, SND fell and SSL set out for new record highs.
Undaunted, I present you with this from China.
Europe is an important customer of China. Europe is unhealthy.
China turns Australian and Canadian coal and iron ore into goods that it sells globally. I can't look at the chart above and think that it portends increasing demand and rising commodity prices.