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Why the Next Commodities Boom Could Take Place in a Science Lab
According to many, the commodities boom is over.
It’s time to sell iron ore.
Sell copper.
Sell gold.
Sell oil.
Sell everything. It’s all over; no one will use a single ounce, pound, tonne or barrel of a commodity ever again.
That’s clearly an over-reaction. There will still be demand for commodities. The question is whether the demand is enough to make investing in resource stocks profitable…
The latest chart of the Reserve Bank of Australia’s Index of Commodity Prices paints a conflicting picture.
Is the boom over? Or is it just a pause before the commodities sector kicks off again?
Source: Reserve Bank of Australia
So which is it? The worst thing we can do in this game is sit on the fence and not give you clear cut advice. In which case, we’ll try our best to give you our thoughts on the state of play for commodities today…
Read the rest of this article at Money Morning
