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Commodity bull market will last longer: Jim Rogers

Commodity Online
SINGAPORE: Credit crisis, collapse of banking majors and inflation have led stock and commodities markets to the depths of despair in the last one month. Now that the world is gripped by recession fears, is the commodities bull market all over?

Not really. Jim Rogers, one of the best known global commodities investors, says the commodity bull market will last longer thanks to the global economic meltdown.

”We have had 8-9 periods of forced liquidation over the past 100-150 years wherein everything was liquidated without regard to fundamentals. This is such a period,” Rogers told Commodity Online in an exclusive e-mail interview.

Read Jim Rogers on commodities here!

Rogers words on commodities are Biblical. More than that, he is the well-known author of books like Hot Commodities and A Bull in China, a must read for anyone who wants investing wisdom.

Rogers, the best known global guru on commodities, said the commodities market is these days hit by the prospects of growth slowdown in countries like China and and the large-scame economic pessimism in the US and Europe.

”Historically the things which have come out best on the other side are things where the fundamental have been unimpaired. Commodities are the only thing I know with unimpaired fundamentals,” he said.

In fact, Rogers said, what is happening means there will be even less supply of everything in the future.

”The cyclical demand for commodities may slow, but the secular supply will be badly affected so the commodity bull market will last longer and go further in the end,” he added.
MCX Refined Soy Oil 15 March 2012 contract was trading at Rs 683 . What's your view on it?
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