06.09.2012 - Why commodity prices will collapse by 2015
For the past two years, as regular readers know, I have been bearish on hard commodities. Prices may have dropped substantially from their peaks during this time, but I donít think the bear market is over. I think we still have a very long way to go. There are four reasons why I expect prices to drop a lot more.? First, during the last decade commodity producers were caught by surprise by the surge in demand.? Their belated response was to ramp up production dramatically, but since there is a long lead-time between intention and supply, for the next several years we will continue to experience rapid growth in supply.............................................Full Article: Source
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