Bull market or busted flush?

Investor opinion remains divided between those concerned at the imminent bursting of the commodities bubble and those who see a continued bull market

Even in 2004, when the oil price was at $35, people were worried that commodities were due for a crash. Four years on, opinions remain divided between those who are worried about a commodities bubble and those who see a continued bull market. Surely a bull market that has run from mid-2003 must be due to hit the wall? This is a typical investor's perspective on securities markets. Unfortunately, commodities markets are based on physical rather than financial assets, and therefore display markedly different behaviour. The truth of the matter is that the investor community, in general, does...