Commodities : The Bull Market will end, I assure you, it will end someday. But not yet

Q: Have commodities fallen away from that multi-year bull market you predicted back in 2004? Or are recent slumps merely temporary corrections in a longer upward trend?

Jim Rogers : It’s a normal temporary correction, which happens in all markets. The bull market in stocks between 1982 and 2000 had many significant corrections. In 1987, stocks went down 40 to 80 percent. 1989, 1990, 1994, 1997, 1998 – these were several very significant corrections in the price of stocks.
Back then many people said: Aha! Now the bull market is over. Well, they were wrong. In my view, this is what’s happening in commodities.
I do not see enough significant permanent new supply in almost anything, which can cause the end of the bull market [in commodities]. Rio Tinto PLC (NYSE:RIO) and BHP Billiton Limited (NYSE:BHP) and others have cut back substantially on their capital spending programs because they think they should not be bringing a lot of new [mining] supply on stream yet. So until we have significant permanent new supply, I don’t see the bull market coming to an end.
The bull market will end, I assure you, it will end someday. But not yet.  - in IBTimes




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.