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Druckenmiller: Commodities decline just beginning, supply/demand is “deadly”

Posted on 09 May 2013

Don’t think of the commodities swoon as just a correction after years of outsized gains. The party’s over and the decline is just starting, according to Stanley Druckenmiller. In his Sohn Investment Conference presentation, Druckenmiller said the 2002-2011 gains for commodities were an anomaly and that the declines of the past couple of years are the norm.
Why? China, he said, which embarked on an unprecedented investment program that caused the spike in commodity prices; in one slide, Druckenmiller suggested that 50% of all global demand from 2002 to 2011 came from china………………………………………..Full Article: Source


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