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Strategies & Market Trends : Commodities - The Coming Bull Market
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To: Box-By-The-Riviera™ who wrote (939)11/21/2001 12:14:03 PM
From: Ahda  Read Replies (2) of 1643
 
Joel i can't speak for someone else but technology has lowered the cost of commodities. Combined with that the wage scale tied to the commodity market is low.

From there i think of steel and the fact that in China due to the low cost of labor steel can be fabricated at fractional cost to what it is here.

Then i extrapolate that to the present market and i feel that until the labor rate increases the price of commodities will remain low. This also can be applied to Ag as subsidies are part of most developed nations plans and underdeveloped do have financial aid from elsewhere coming in. In my opinion this could keep some commodities in the lower range for quite a few years.
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