Theory #15:
12. Non-food commodity prices are set to collapse over the next three to four years. “Collapse” is not too strong a word. China’s share of global demand for such commodities as iron, cement, copper, etc. is completely disproportionate to its size and almost wholly a function of its very high growth in investment. As investment growth drops sharply, as it must, global demand for non-food commodities will plummet.
So China collapses, commodity collapses, SD will be a DOG.
Miat's $2 target may be a top target. Of course, Miat will change mind again.
By the way, investor in Vencouver shall be really careful. China collapses will dramatically reduce Chinese investors that will lead to BC housing price collapses.
Just a warning based on someone Miat props.
