Posted on 08/29/2008 6:51:55 AM PDT by kellynla
The commodity bull market has a long way to go. This bull market is not magic. It's not some crazy 'cycle theory' I have. It does not fall out of the sky. It's supply and demand. It's simple stuff.
In the 80s and 90s, when people were calling you to buy mutual fund and stocks, no one called to say, "Let's invest in a sugar plantation." No one called and said, "Let's invest in a lead mine." Commodities were in a bear market and in bear markets people do not invest in a productive capacity. They never have. Perhaps they should have, but they've never done it throughout history and probably never will. There has been only one lead mine opened in the world the last 25 years. There's been no major elephant oil fields [of more than a billion barrels] discovered in over 40 years.
(Excerpt) Read more at moneyweek.com ...
Yes they are, Jim. You’ve been riding the commodity train long enough. Sorry you didn’t get out in time.
I wish I could “get out” of the commodity train...
I just spent $50 filling up yesterday. LOL
LOL! I can’t stand Jim Rogers.
Jim, did you ever get all your money back from Refco? LOL!
He makes a lot of good points. While I believe the current credit crisis is nowhere near done, and with it the danger is deflation, so far, the things I USE and NEED have increased in price. Oil is still over $100 a barrel. The Saudi Arabia oil reserves issue is frightening.
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