| From Investorschronicle.co.uk: On the day I went to meet Jim Rogers, Xstrata had announced that it would close two nickel mines earlier than planned. Several producers in the former Soviet Union had reined back capital investment.
The price of oil fell below $60. Was this the end of the commodity bull market he predicted back in the late 1990s, I wondered. Absolutely not. "This is making the fundamentals better for commodities...farmers cannot even get loans for fertiliser any more, inventories for agricultural products are the lowest they've been for fifty years..... Full Article: Source
|