1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Grass Hopper
Grass Hopper
Articles (550)  | Author's Website |

Prem Watsa on Commodity Prices

March 09, 2014 | About:

Here’s an update on the commodity price tables I have shared with you before:

While commodity prices have come down, they have yet to collapse. Of course, a collapse would have a very significant impact on the mining industry. World iron ore capacity has increased by more than 100% in the last ten years, mainly because Chinese demand has nearly quadrupled! Of course, any decline in commodity prices will impact Canada, as I mentioned in last year’s Annual Report. Unlike the U.S., Canada has not had a decline in house prices, and as I said last year, we are watching from the sidelines. Caveat emptor, as they say!

From Fairfax Financial 2013 Chairman’s Letters to Shareholders

About the author:

Rating: 0.0/5 (0 votes)


Please leave your comment:

GuruFocus Mobile App

User Generated Screeners

studentinvestorTech company screen
evseanLow Value Stock
bpatton23stocks for monday
broberts1963Dividend Champion Screener
Ismael04All VI 24oct16
Doug Taylorlow PE
Doug TaylorProjected free cash flow Canad
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)