But not every commodity has suffered this same tough fate. In fact, there's even been a major standout. It's a commodity that most investors rarely think about.
I'm talking about lumber.
I’m going to begin today’s Private Briefing with a trivia question… a riddle of sorts.
The answer’s a stunner.
And it bore-sights one of the top profit plays in the defense sector.
Here’s the question.
Name the country that’s angling to have the world’s third-biggest stockpile of nuclear weapons – trailing only the United States and Russia.
It’s not North Korea. It’s not Iran. It’s not India.
It’s not even China.
33-year seasoned market analyst and professional trader with highly accurate track record. Specialty in global markets.
35-year expert in oil and gas policy, risk assessment, and emerging market economic development.
30-year CBOE trader, market maker, and retired hedge fund honcho. Helped launch the Volatility Index in 1993.
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Known for his pioneering research on the seven "sparks" that trigger explosive profits in the small-cap sector.
Gifted researcher with 20 years' experience tracking bioscience and pharma stocks. Master of the FDA approval process.
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.
Top money manager for 25 years. Leading credit market analyst. Best-known for calling the major recent global market moves.
Tom Gentile is one of the world's foremost authorities on stock, futures and options trading.
Oil prices staged a remarkable rally this year on the back of a weak dollar and a nascent economic recovery. In 2010, it's likely that these same factors will combine with an increase in global energy demand to push oil prices back up over $100 a barrel.
With stockpiles still high and energy demand rebounding sluggishly, most forecasts are calling for the "black gold" to edge up into the low-triple-digit price range. That's 40% higher than where oil is trading right now - but is still well below the record high of nearly $150 a barrel that was established in 2008.
Money Morning Chief Investment Strategist Keith Fitz-Gerald is even more bullish. He believes that a price of $100 a barrel is "easily attainable" and says that some sort of unforeseen market shock could cause crude oil to spike as high as $150 barrel by the end of 2010.