Rio Tinto PLC (NYSE:RIO) and BHP Billiton Limited (NYSE:BHP) and others have cut back substantially on their capital spending programs because they think they should not be bringing a lot of new [mining] supply on stream yet.
So until we have significant permanent new supply, I don’t see the bull market coming to an end. The bull market will end, I assure you, it will end someday. But not yet." - in IB Times
Rogers on The Markets (click on the link or on the image below to access the new website)
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide. Visit the new website Rogers On The Markets for exclusive content.