L Boyd

Think the Commodities/Mining Boom Is Over? Insiders Don't

If you're long commodities, I would think you'd want producers to think the boom was over - or at least to cut back on capex therefore limiting future supply (which many are doing, though it is more a function of the credit crisis).

I am long commodities and I see this "blip" as a great time to get in. The housing bubble was fueled by excessive speculation and easy money. The commodities bull run is a simple function of demand significantly outpacing supply. (It takes a long time to drill an oil well or dig a copper mine); in the meantime, demand can tick up at the drop of a hat.