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Subject By 2015, Hard Commodity Prices Will Have Collapsed

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Michael Pettis, China Financial Markets

For the past two years, as regular readers know, I have been bearish on hard commodities. Prices may have dropped substantially from their peaks during this time, but I don’t think the bear market is over. I think we still have a very long way to go.

This combination of factors – rising supply, dropping demand, and lots of inventory to work off – all but guarantee that the prices of hard commodities will collapse. I expect that certain commodities, like copper, will drop by 50% or more in the next two to three years

http://www.mpettis.com/2012/09/16/by-2015-hard-commodity-prices-will-have-collapsed/#ixzz26e0j6uzl
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My I.Q. is 30 points lower after reading your post.:another do:
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LOL...what a bunch of nonsense. the prices of gold silver and copper are all in dollars, so explain to me as the Fed keeps printing more dollars, making the ones you already have worth less, will commodities crash when they cannot be printed and devalued but the pricing unit of the metal can...winning
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Bingo!
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Original Message Michael Pettis, China Financial Markets

For the past two years, as regular readers know, I have been bearish on hard commodities. Prices may have dropped substantially from their peaks during this time, but I don’t think the bear market is over. I think we still have a very long way to go.

This combination of factors – rising supply, dropping demand, and lots of inventory to work off – all but guarantee that the prices of hard commodities will collapse. I expect that certain commodities, like copper, will drop by 50% or more in the next two to three years

[link to www.mpettis.com]

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