The Rising Influence of Rising Affluence

[DewDiligence]

Then there are the commodity companies who bend in the wind primarily because they don't have control of their product pricing. They should be a short-term investment when the times are right.

My view (see prologue of #msg-75569303) is that we’re still in a long-term uptrend for commodities because sharply increased demand for such materials as oil and iron ore are obligate components of the global population growth, increasing affluence, and migration from rural to urban areas that are expected to occur during the next couple of decades. I’m not smart enough to figure out when commodity prices are reaching a temporary summit, so I prefer to remain invested in a set of blue-chip commodity companies (e.g. BHP, VALE, CLF, Shell, XOM, CVX, HES) rather than trying to trade in and out of them.

p.s. Of the four companies you cited in #msg-76033014 as weak beneficiaries of The Global Demographic Tailwind based on historical data—HNZ, PG, ABT, and MON—none is a commodity company.