Chinese economy still on a substantial uptrend and India coming up on the rails. People forget it was only three or so years ago when the China factor was only understood by the few,they were saying that if only for demographic reasons,major mineral and oil discoveries would be required to make up for the massive underinvestment in commodities over many years.Further these new economies seem to be able to weather high commodity prices better than the West.
I think that high commodity prices are here to stay and whilst there will be sharp setbacks,which is quite normal, there's much more chance of another bull run than a commodities collapse.Yes, initially commodity prices and share prices might be dragged down, but then economic logic would reassert itself, remembering that for economists, the difference between boom and bust is +/- 5%.
What's more, if there were to be the market collapse as suggested, it'll be catastophe for the West, shares,housing,everything. The Jeremiahs' have been forcasting doom and gloom for years now, through good times and bad,but for some reason it hasn't happened yet, and you can't run your life on that possible but remote possibility.