when will the commodities bull market end?
But please keep this in mind: even in a bull market, few commodities go straight up; there are always consolidations along the way. And not all commodities move higher at the same time. Just because it’s a bull market doesn’t mean you can throw a dart at a list of things traded on the futures exchanges around the world and hit a winner. You might, for example, hit copper, and copper may already have peaked. In the last long-term bull market, which began in 1968, sugar, as we have seen, reached its peak in 1974, but the commodity bull market continued for the rest of the decade. A bull market by itself, no matter how impressive, cannot keep every commodity on an upward spiral. Every commodity, as we have seen, is guided by its own supply and- demand dynamic. Not all commodities in a bull market will reach their peak at the same time – any more than all stocks do during their own bull market. Some company shares will soar in one year and others might make their highs a year or two or thr
