How to play the commodities supercycle in 2007

Raw materials posted another strong overall year in 2006, but started 2007 with something of a wobble. So is the commodities bull over? Not yet, says commodities expert Jim Rogers.

Raw materials posted another strong overall year in 2006. Copper, nickel, lead and zinc reached record highs, with the latter gaining 137%, and soft commodities rose too. Orange juice hit a ten-year high and corn and soybeans jumped 80% and 140% respectively. But there's been a rocky start to 2007. Copper slid 11%, depressing other base metals, and is a third below its May 2006 peak, while oil continued to fall to its lowest level in more than a year, fuelling worries over a slide in global growth. Is the commodities bull of the past few years ending?

Not for ages yet, says commodities guru Jim Rogers. Bull markets in commodities last between 15 and 23 years, he told The Daily Telegraph's

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