We are entering the middle stages of the best bull market any of us will see in our lifetimes. Analysts will catch up with the strength as we go through the bull run.
At the moment the analysts forecasts all have commodities falling to average levels. The problem with this analysis is it does not include the fact that the USD is in structural decline and hard assets such as iron, copper, coal, gold etc are the greatest defense against the impending inflation spike.
We don't have inflation yet. The real resources bull market will happen when the inflation hits. Probably this time next year IMHO.
At that point you can kiss goodbye any valuations being done in 2010
Giddy up
AGO Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
