“Commodities have dropped 15% in the last three years. As a result, investors don’t want anything to do with commodities. According to Barclays, commodity-fund investments fell by a record $88 billion to $332 billion this year — almost all of it in metals and agriculture commodities. Lower prices this year have already forced mining companies to cancel expansion plans and cut costs. The fact that big mining companies, such as Vale and Rio Tinto, are aggressively cutting capital spending tells me we’re getting close to a bottom. Nobody wants to invest in commodities and industrial metals now. But the recent strong price action in the sector suggests ignoring it is a mistake.”
http://thesovereigninvestor.com/2013/12/30/hated-sector-will-surprise-everyone-2014/
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