Is This A Commodities Supercycle?

[The_Sonarman]

Is This A Commodities Supercycle?

01/04/2005 07:25 AM - Veronica Brown - Reuters

Speculators and more cautious investors alike are feeding a boom in gold, oil and other commodities, leading some analysts to talk of an extended bull run in raw material prices.

http://xtramsn.co.nz/business/0,,5007-4246937,00.html

[EagleTed]

Is This A Commodities Supercycle?

01/04/2005 07:25 AM - Veronica Brown - Reuters

Speculators and more cautious investors alike are feeding a boom in gold, oil and other commodities, leading some analysts to talk of an extended bull run in raw material prices.

http://xtramsn.co.nz/business/0,,5007-4246937,00.html

I own stock in XOM and when this guy speaks, I listen:

<I>Exxon Mobil Chief Executive Lee Raymond took a sceptical view earlier this month.

"I don't necessarily think that there is a new paradigm," Raymond said. "The last time I heard a speech about the new paradigm was in 1996... And 18 months later the price of oil was US$10 a barrel."

--From your link</I>

China has driven up the costs of commodities, how long that lasts in anybody's guess. As far as gold, when it surpasses the $800 an ounce price it fetched in the early 80's, then you can call it a Bull Market for gold.