Commodities' legs can run further still...


Investors in energy and commdities funds are experiencing "once-in-a-generation supply/demand fundamentals, where exploration and capacity has been linked to rising prices," according to Tal Lomnitzer, fund manager at London hedge fund manager Orn Capital.

He said the markets were seeing such an opportunity - despite high price volatility - in zinc and copper inventory levels, for example, and other, non-metal areas.

"The average age of the capital tends to fluctuate between 10 and 14 years,

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