Don't Get Caught in the Dot Commodity Bubble [View article]
We are so far from this being a commodities bubble, it ain't even funny. When half the world's population is industrializing, you can bet the basic building blocks are going to go up in price. Who cares about short term fluctuation's in commodities price. Be happy you may have an opportunity to buy them on sale. The question is how much is copper going to cost in 5 to 10 years from now while China and India (nearly 3 billion people) upgrade their lifestyles to be more on par with the US? Do we have large stock piles of commodities lying around just waiting to bring the price down? Has US environmental laws allowed mining to actually keep large stock piles of materials? Does the price of oil indicate we are awash in black gold? Wake up! This is not a US market story anymore. Its about a very tight supply of materials from the rapidly growing demand from China, India, the Middle East, and even Russia. If you think we are in a bubble, you are definitely not looking beyond your borders.
Don't Get Caught in the Dot Commodity Bubble [View article]