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In another major finding, Bank Credit Analyst Research states that "resource-sensitive stocks probably will be rerated upwards before the mania has run its course". The researchers, who have long believed that the commodity universe will eventually enter a violent boom/bust cycle, argue that the mania roadmap is at an early stage.

In a special report on "Signposts for a Commodity Mania", the Bank Credit Analyst has found that its "mania roadmap" for commodity prices and related assets is "on track and not yet at a late stage". The research outfit says that one possible catalyst for the next upleg would be the end of US deflation at a time when the rest of the world has not slowed much.

This, BCA Research argues, would spur a further shift from "crisis hedges" like precious metals to growth-sensitive commodities like industrial metals. The special report introduces five indicators to gauge whether the roadmap "has reached a dangerous, bubbly phase", and finds that "none of these indicators are flashing red".

In another major finding, BCA Research states that "resource-sensitive stocks probably will be rerated upwards before the mania has run its course". The researchers, who have long believed that the commodity universe will eventually enter a violent boom/bust cycle, argue that the mania roadmap is at an early stage.

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