From Ibtimes.com: Last calendar year the price of nickel fell by some 40%, and price falls for lead and zinc were not far off that figure either. Ask yourself: did you only once come across the notion that these commodities had now entered a secular bear market?
Sometime during the first months of calendar 2008 global equity markets had fallen to more than 20% off their prior peaks. It was widely reported they were now in a secular bear market. Someone, somewhere must have thought hey, if a 20% fall for equities means they are now in a bear market, surely the same must apply to commodities!?….. Full Article: Source