Diversification is relative. As long as iron ore, coal, gold, potash, zinc, etc. don't have a price correlation of 1.0 then that's diversification. Even investing in Companies within the same resource is diversification.
I suppose it depends on how much diversity you want or need. For me, it's enough, though I understand in the rare case of a general sell-off they could all go down together.
So many opportunities out there, I couldn't help myself any longer.
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