Tuesday, January 6, 2015
Commodities: A Major Correction In A Bull Market?
I don`t know if this commodities bull market is over, I happen to think it is not. But we are having a major correction , which is normal in markets. That is the way markets have always worked.
I do not see enough permanent supply in most commodities, except maybe in iron ore and a couple of other commodities. I don`t see enough permanent supply to end the bull market unless we are going to have an economic collapse. We could and will eventually.
I am especially optimistic about agriculture at the moment.
Related ETFs: SPDR Gold Trust ETF (GLD), United States Oil Fund LP ETF (USO), PowerShares DB Agriculture Fund (DBA)
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).