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Why there won't be a bubble in commodities

Mon Jun 30, 2008 08:06AM | By Tony

See more in Economy | Permalink | Email | Comments (0)

Lets face it, Wall Street hates gold and silver and yes they don't like commodities either. I don't remember any big shot analyst preaching dot-com or technology bubble, or real estate one. Contrary to that, CNN, CNBC and the likes did everything to mislead the public, calling huge drops "corrections" and promising swift recoveries after each fall. The stock bubble was quite rational - companies with no product and no future were pumped and pumped and pumped ... and then dumped. Commodities on the other side have real meaning, as all of us must eat, drive, use heating gas, rubber tires, fertilizer and buy gold, silver, palladium and platinum to keep some money real, as dollar falls.

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