Emerging markets have been victims of the U.S. economic malaise. But that trend could be reversing, says Irwin Greenstein, writing for Contrarian Profits.

Now could be the time to get back into undervalued markets such as Brazil, Russia, Vietnam, Mexico whose economies have run up in conjunction with the commodity boom.

The emerging market turnaround comes at a time when commodity prices are falling off their multi-year average highs.

I explained that, yes, I had my foot on the accelerator, but the car went fast all by itself! In fact, the more I stepped on the accelerator, the faster the car went! It’s obviously one of the mysteries of the universe!

With commodity prices through the roof, governments and businesses see investing in resource-rich Africa as an increasingly attractive proposition.

Chris Mayer explains in The Daily Reckoning why investing in Africa holds such potential for profit:

Africa increasingly is right in the middle of the global quest for natural resources. It has the highest ratio of light and sweet crude in the world – the best-quality stuff you can find. And most of its oil – some 83% – comes from large fields that produce at least 100 million barrels per day.

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Despite having the lowest overnight rate of the Group of Seven nations, Japan’s central bank unanimously voted today (Friday) to keep its key interest rate steady at 0.5%.

Commodity prices have been going through the roof for years, thanks to a scarcity of supplies and ever-surging global demand.