Dennis Gartman on the commodity boom

This one is different. This is sustainable. We’re coming out of global recession, and we’re going into global strength.

~ Dennis Gartman, economist and editor of The Gartman Letter, a market tracker, "Rising Commodity Prices Spur Governments, Companies to Insulate Themselves," Bloomberg.com, March 4, 2011

Adrian Day on the commodity "super-cycle" (2010)

China is at the takeoff phase.

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China being twenty percent of the world’s population is probably going to take longer than the ['super-cycles'] of Japan and Korea, which were both 10 years. The good news for commodity investors is that once China matures and [its] demand for resources plateaus, behind [it] you’ve got India.

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Supply simply cannot keep up with demand.

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I have no doubt that at some point over the next five or ten years we are going to have one or two or three vicious corrections. [citing the nearly $100 oil price plunge in 2008 and 2009 as an example] [But] if you really understand the long-term fundamentals, then you just need to stick with it and ride out those corrections.

~ Adrian Day, "'Just Stick With It': Commodity 'Super-Cycle' Will Last Decades, Day Says," Yahoo! Finance tech/ticker, November 22, 2010

Kevin Duffy on the end of QE2

After today’s wild run-ups and reversals in commodities at the tail end of the QE2 bubble, tomorrow could be a bloodbath. With the 30-year T-bond collapsing, commodities flying, and European sovereign debt problems reemerging, the world’s central bankers have lost control. Worse, sentiment measures show frightening levels of bullishness, with QE2 providing the hook for both bulls and bears.

~ Kevin Duffy, Bearing Asset Management, November 9, 2010