Interesting. But the question remains, where to invest? I'm in pm's to a large extent, and I'll ride this bull as far as it will take me.

But I'm already looking elsewhere, because I'm sure the opportunities exist as we test the November lows, and as gold skyrockets. And sooner or later I'll have to get off this bull.

One area I'm interested in is large/medium cap base metals plays with operations in India and China. I've still got shares in Vedanta Resources (VED.L)(SLT), and admit I've been hurt on them. Silvercorp (SVM.TO) hasn't been doing as well as one would hope because of their exposure to lead prices.

I'm thinking of averaging down on Vedanta/Sterlite, and my rationale is this: The company won't go bankrupt. Sure, it won't make any money for a while. But as it lays off workers, the Indian government will offer it whatever breaks it can. The company will also benefit from whatever protectionist tariffs on base metal imports the Indian Government creates.

Things will turn around sooner or later, and the level of personal consumption in India is simply not as high here. It won't take a huge change in lifestyle to once again make the company profitable.

Thoughts?

Other favorite companies with similar attributes? Other areas you like even more?