from bloomberg. differences of opinion - so which will it be. I have my money on Jim rogers having read his predictions a couple of years ago - go long io!
The commodity boom is fading, says Michael Aronstein, chief investment strategist at Oscar Gruss & Son Inc. in New York.
``I think it's over in terms of the investment hypothesis, at least for the next several years,'' Aronstein said in an interview Aug. 5. ``I think the demand destruction, both in the developed world and the developing world, is going to be quite a bit greater than people assume.''
Investor Jim Rogers, 65, who in April 2006 correctly predicted oil would reach $100 and gold $1,000, differs. The fundamentals for commodities are ``astoundingly'' good and the bull market ``has a long way to go,'' he said Aug. 6.
FMG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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