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Knuckle, the resource boom actually began in the late 98 commencing with oil at just over $10pb, followed by Cu in 2000 at .65 then the other base metals followed on and gold and silver from 2001.
The boom is far from over, the world was running out of new economic resources at prices before the decline, since this decline OVEDR HALF of the world's mines are unable to breakeven and if prices continue at this level for more than a few months mines will begin to close enmasse.
Demand from China and India shall continue and depletion ensures that once the morons that a selling short commodities via the derivatives markets realise this there is going to be the mother of all covering rallies.
The resource boom is not over.
