Is that the same guy who wrote a book in 2002 on "Tomorrow's Gold: Asia's Age of Discovery" on the continuing commodity boom due to Asian growth. He is obviously now going to short the only sector that has been somewhat resilient to the punishment of the banking sector and wants to create panic selling in order to make more $.
There is no reason why this sector would fall like he suggests, prices may come off a bit as he tried to group iron ore with zinc,lead or nickel. Iron ore prices have skyrocketed in the past few years and some retraction may take place, however with asian demand the way its going doesn't look likely, just look at Chinese and Russians circling CFE.
How many cars, bridges, skyscrapers, boats etc. are made with zinc,lead or nickel? Only a numbskull (or a cunning downramper) would group all commodities together....
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