Larry Berman: History of commodity cycles suggests prices .. Positive trend for ESM. Get your surf boards waxed ,there is a big wave coming !!
(Is it possible for management to screw this up ????)
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BNN (May10 )
Excerpts ::
"When it comes to copper, we are likely early in this cycle given the shift to greener energy use and creation over the more traditional carbon-based history. This is a true fundamental change more than a temporary "
"So when we talk about a commodity bull market, it matters what commodity you are talking about. To be sure, it will be a significant factor in the coming years. For some, it is a supply shock spike (crude) that largely is transitory. For others (copper, aluminum), it is likely a more permanent shift."