Years of depressed pricing ahead for commodity stocks – Blackrock

purch

http://www.mineweb.com/mineweb/view/mineweb/en/page43?oid=73730&sn=Detail

Quite a worrying report for the Commodity Bulls, especially as it comes from the managers of the Blackrock World Mining Fund.

wombat42_2

purch wrote: »

http://www.mineweb.com/mineweb/view/mineweb/en/page43?oid=73730&sn=Detail

Quite a worrying report for the Commodity Bulls, especially as it comes from the managers of the Blackrock World Mining Fund.

Apart from platinum, report seems to only be about base metals, not gold, oil or agriculture.

wombat42_2

Well he is still ramping up Gold
http://goldnews.bullionvault.com/Goldbug/gold_investment/gold_bullion_has_a_wonderful_wonderful_outlook_18890350

earlgrey_3

Damn. Having moved to cash I was going to draw all my loot out of those banks in 2p pieces and melt them all down. Another money-making plan for the bin then.

wombat42_2

There are still plenty of bulls still around predicting $500 oil and $2000 gold.

purch

There are still plenty of bulls still around predicting $500 oil and $2000 gold

Yes............some are even predicting $2,000 Gold this afternoon when Comex settles :eek:

The point is that this report is written by the manager of the World's largest Fund investing in Base metal commodity's, and the conclusions drawn will have far reaching effects throught the world economy (if correct that is)

Blah99

wombat42 wrote: »

There are still plenty of bulls still around predicting $500 oil and $2000 gold.

What?!?! In what timeframe?

shokadelika

Blah99 wrote: »

What?!?! In what timeframe?

A few years.;)