I see another big correction in the natural resource markets is coming. It may be tomorrow, next week, or next month. I don't know for sure when it will come, but it's coming. It might be as ugly as the correction we saw back in February, or it could even be steeper. Longer term, however, the natural resource bull markets are very much intact, & have much more to go on the upside. Right now, I just want you to be prepared for a possible correction..
Overseas markets, especially those in Asia, are deeply intertwined with the bull market in natural resources. Hence, foreign markets are also vulnerable to a sharp sell off at any moment. Plus, plain & simple, they've gone up too far, too fast, & too furious! China's stock market performance has been literally out of this world — up 130.57% in 2006 and another 52.9% so far this year! Some said that if you (a mainland Chinese) are not invested or investing in the stock market in China, you are viewed as a social misfit! Talk about peer pressure.
.You can see why some of these markets need to blow off some excess speculation, & humble (or sober) some investors & traders, before prices can head much higher. China will probably lead the pack down again, just like it did in February. Mark my word. The road ahead is slippery!
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