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.
It’s a pretty simple premise: If you want to zero in on stocks with big profit potential, look for areas of scarcity… where supply of an item falls far short of demand.
There’s an old investing adage that says an investment opportunity doesn’t have to be super-sexy or sophisticated to deliver big, big gains.
And you’ll never find better proof of that maxim than the story I’m going to share today.
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.
20-year commodity guru and portfolio advisor. Top authority on metals + mining stocks. Head- quartered in Canada.
30-year veteran of tech markets with a Rolodex of Silicon Valley CEOs. Pulitzer nominee. Uncovered rare earths crisis.
30-year veteran analyst of business, economics, and financial markets. Award-winning author of "Contrarian Investing."
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.
Wall Street and Hedge Fund veteran, connects the disparate parts of an intricate economy with unparalleled clarity.
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.