Quote from Pa(b)st Prime:
The same way commodities made a perma-revaluation higher in the 70's they've done the same in the past two years. That's not to say the corrections-like this one-won't be frequent and severe. Anyone waiting though for Corn or Wheat to trade under three dollars again or Oil under 40 will be waiting for Godot.......
you could have been much more aggressive with your levels and still be right.
we are in a big commodity bull market - no question about it. some people are just lazy to put few numbers together and see it black on white.