The commodity “supercycle” isn’t dead, says Justice Litle. Global demand has flat-lined for now, but the fundamental story of emerging market growth has not changed. And low prices are forcing many mines to shut down operations. This means that when demand recovers, it will do so faster than new supplies can reach the market. And that’s when gold will soar past $1,200 an ounce.

This is what it looks like when the shit hits the proverbial fan. In this case, the shit being one subprime meltdown, eight years of a monkey in the White House and and $1 trillion in chaotic government hand outs. The fan being everything just about everything else. Yesterday, the talismanic Dow plunged 514.

In a piece entitled, “Wall Street: Three cheers for the bear”, CNNMoney.com looks on the bright-side of the bear…

Recently, The Oxford Club released the following broadcast on a powerful investment strategy that takes advantage of both bull and bear markets. It’s a strategy that many industry gurus are using without even knowing it.

Last week US stocks rallied sharply capping their best week since February, after Corporate America posted results that beat analysts’ estimates.

“But don’t mistake a bear rally for a new bull market,” says Eric Roseman.

“No matter what happens in the short-term, most stocks will be poor investments over the next several years as inflation, deflation and a long-term contraction in bank credit slow the world’s largest economy to pre-1995 levels.

Learning to truly enjoy bear markets – to lust for them – is not easy.