Understanding the individual price drivers key in inconsistent market

We believe there is a strong strategic case for choosing to invest in commodities. Over the next 15-20 years, we expect demand for the world's natural resources to grow at a rapid pace.

Commodity and resource markets will be driven not only by double-digit growth in China, India, Brazil and Russia, but also by long-overdue infrastructure redevelopment in developed markets. We expect 2010 will mark the beginning of the recovery in the OECD economies. Major central banks and their respective governments are likely to maintain the current unprecedented level of economic stimulus throughout the rest of this year to counter the lingering risk of deflation and the weakness in credit markets. This should provide the necessary stimulus to maintain the re-stocking phase of a new...