For more on this supercycle, I recommend reading uber-trader Jim Rogers' work on commodities. Jim was, along with George Soros, the founder of the Quantum Fund. He has been pretty accurate with his predictions regarding hard assets and the ensuing demand/supply issues that are being exacerbated by demand from India and China. There's an insightful interview with him here that's really good reading.
From the interview: "Nobody has discovered a gigantic oil field for thirty years. That's not a theory; that's a basic fact. In the meantime, demand for oil has been going up for many years. That's not a theory, either; that's a simple fact. Likewise, there has been one lead mine open in the world for the past twenty years, and the last lead smelter was built in the U.S. in 1979. I could continue: the number of acres devoted to wheat farming has been declining for 20 years.
Rogers International Commodity Index posts
FeedPlaying the commodities boom like the pros using ETFs
In case you were too busy watching Obama win in Iowa or voyeuring in on Britney's travails, we're in the midst of what some pundits call a "supercycle" of a commodities bull market.
Continue reading Playing the commodities boom like the pros using ETFs
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