More than a decade ago, Alan Greenspan coined the term “irrational exuberance” to warn of stock prices which had risen too high during the tech bubble. Today, according to US Global Investors, a similar hysteria of “irrational pessimism” is holding commodity prices hostage. “While there are a number of headwinds negatively affecting near-term prices, there are also several reasons to remain bullish,” said the company.
US Global Investors has just produced a very informative webcast, featuring CEO Frank Holmes and members of the company’s natural resources team.
The discussion covers:
• The impact of a global slowdown on resource investments.
• Inflation or deflation? Which will it be and how will it impact commodities?
• What can we expect from China and other BRIC nations?
Click here to view the presentation.
Source: US Global Investors, April 21, 2009.
