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The author only gives one side of the story. If he were to give the other side, he would disprove himself.
Apr 30 18:10 pm
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All Comments by Maluman »As With Fertilizer Commodities, POT Bubbles [View article]
Other side: an ever increasing population in foreign markets that demand more agricultural and meat products. The 'penetration rate' is still low. ie. there is a lot more potential ahead for POT as the population of ppl with disposable income abroad rises everyday.
Secondly, POT is going to hit $1000/tn...it's just a matter of time.
Thirdly, unlike tech or housing, the potash sector is controlled by a small handful of global players. These companies are going to work to keep prices high since they hold a monopoly over potash reserves.