Overall, Gartman sounds a less concerned message than many commodities investors—such as Jim Rogers—who argue that demand for various materials risks outstripping supplies in coming years, ushering in a crisis-ridden era featuring high prices in developed countries and food shortages in the developing world.

Noting that back in 1984, people were already predicting food shortages as well as oil supply constraints as population grew worldwide, Gartman said that what the world has seen instead is technological advancement that has enabled production to keep up with demand.

“We grow more grain now than we ever have and with far fewer farmers than we ever have,” he said.

What’s more, China and other emerging market nations are only now beginning to understand how to grow crops, so supply shouldn’t be a concern, as everyone suggests. That applies to oil as well, he said. “We will find much more crude oil in the ground. We have more reserves today than we did in 1984.”

Trouble Spots

Optimism notwithstanding, Gartman does have one overriding concern as he surveys global commodities markets: “What keeps me up at night is Nigeria.”

…..read Gartman’s whole analysis including his unique perspective on Gold. Gartman, who gets paid a lot of money for his advice also takes issue with prevalent views that the Federal Reserve is dangerously expanding its monetary base with its quantitative easing (QE) programs.. Read it all HERE