My guess is we can see a commodity run for a couple years. Historically, it takes 18-24 months for a commodity to alter its supply. Just like we were talking about the glut of oil 18 months ago, now we have the opposite problem arising as rig counts were shut down, frackers went bankrupt, pipelines stalled, and tension in the Middle East.

I would say those who play commodities might have a bull for a couple years. I would watch out for the ones that are really extended like lumber, steel, and iron ore.

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