Saturday, December 19, 2009

Mark Mobius | Commodities Going Up!

Mark Mobius, Executive Chairman of Templeton Asset Management, says the top sector he sees going forward will be commodities, as the supply and demand force we face will continue to put upward pressure on raw materials and agricultural products prices.

Some of the particular commodity sectord Mobius likes are oil companies, mining companies and agriculture.

With the growing middle classes in China and India, along with other Asian countries, it'll be a long time before the thirst for products from these emerging markets are satiated, and that guarantees a long-term bull commodity market, which we have only been partly into, as the economic crisis interrupted that for a period of time.

Even so, China has already began a real recovery, and demand for raw materials and commodities will continue for some time to come. That means commodity prices in general will rise, along with the stock share prices of a number of companies participating in these areas.

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