The commodities supercycle of the previous decade, which saw insatiable emerging market demand drive raw materials prices higher, is over. As a result, commodities prices growth has basically ground to a halt in the past few years.
In his latest note, Goldman’s Jeff Currie says that long-term, he remains bearish on the sector. But he says that a new commodities cycle has begun replacing the old one - and argues for hanging on to commodities a bit longer………………………………………..Full Article: Source