Commodities could see 15 to 30 percent price gains over the next year

Dennis Gartman Blog and News Commodities are very cheap relative to other asset classes and this could be a buying opportunity according to Gartman.

The relative cheapness of commodity prices to almost any other asset in the world, including real estate, equity prices, and the debt market. Commodities are extraordinary inexpensive. Corn, wheat, and soybean prices are as cheap as they are going to get. They could get 15% to 30% higher over the course of the next year. I think that is reasonable, rational, and really quite likely. I put my money where my mouth is. I am the chairman of the University of Akron’s endowment committee and I am making sure we are moving more of our assets out of the equity markets and into commodities in general.

via Successful Farming