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MINER'S RIGHT
Putting super-cycle indicators to the test
That is a question keeping headline writers busy, and economists locked in a debate about whether the commodity cycle should be measured in nominal or real terms, a difference which eludes most investors who are only interested in whether prices are going up, or down.
There is, however, an important reason for knowing whether commodity markets are at record levels because that can be a pointer to what follows every record high - the fall. One way of answering the...
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