Mercator Minerals Ltd MLKKF

The Commodity Boom

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Jim Rogers on the commodity boom: "The fact that [commodity companies] are buying each other up ensures the secular bull market is not over," Rogers wrote. "None of this frenetic activity does anything for new supplies of commodities. In fact, it hurts future supply, since now the balance sheets are overextended, leaving less money for exploration, new mines, etc. There can certainly be corrections in the bull market as there have been in every bull market in history in every asset class all over the world. Stocks went down 40% in 1987, then went up 700% since it was a secular bull market. Gold corrected 50% during the two years 1974 to 1976 and shook out a lot of investors, and then went up more than 700% during its last secular bull market.... We are more likely in the fourth inning." https://money.cnn.com/2006/07/12/markets/8381715.fortune/index.htm?section=money_latest