Yes, that’s right. That’s what I’m forecasting. Phase II of the natural resource and commodity boom is about to begin. And it will be the most powerful surge higher yet.

How do I know? I won’t go into all the details of my trading and forecasting models, but I will support this with a fundamental argument that I think every investor should be thinking about right now. Hardly anyone is talking about it, which makes it even that much more significant.

Let me pose it in terms of two scenarios and a couple of questions.

First, suppose, just for a moment, that the U.S. economy does not slump as badly as most expect, and instead, actually picks up some steam going ahead. Since Asian economies are still largely firing away on 12-cylinders, what to you think would happen to global growth -- and hence the natural resource markets -- if the U.S. economy springs back, even if it does so just slightly?

Demand for natural resources will go through the freaking roof, and natural resource prices along with it.

Now suppose that the U.S. economy instead of bouncing back, slumps even more. The Fed and Bernanke will print even more money, weakening the dollar even more.

What do you think would happen under that scenario? Inflation will pick up an even greater head of steam, and natural resource prices will take off yet again.

Sound like a “win-win” situation for the natural resource markets? It does to me!