miner

Commodities: Is It All Over?

Commodities might have been overbought in the short term. But if one takes the longer view, I can not reach any other conclusion than that commodities are in the 2nd inning of a spectaculair bull market.
My reasoning, I believe, is simple common sense:
200 million new entrants in the middle class in China and a similar number of Indians want to eat better and want all the metal consuming things that the Western world takes for granted.
Nothing new at all, but it can't be repeated often enough.