The commodity bull market in a wide range of commodities and precious metals has been well documented -- with products ranging from copper & aluminum to gold and silver having seen significant growth in the last six to seven years. Several mining companies and farming firms have benefited from this steady rise in price, though some select countries have benefited enormously from commodity appreciation -- and the stock market in these countries have been especially profitable to invest in. Since the commodity bull market is generally considered to be at about its mid-way or less point, there is still time to take positions on a country-specific basis to make some profits in this market.

Canada's large mining industry and its rich ore deposits have greatly benefited from this bull market, with its currency clearly showing the positive effects of a healthy economy and good budget policies of its government. Apart from precious metals, Canada also sits on huge uranium deposits, and the revival of this industry has enhanced Canada's economic prospects greatly. The oil sands of Alberta has become the source of much speculation with expectations of peak-oil upon us, and Alberta being seen as one such source of excess capacity of oil to offset the fast rising demand from India and China. With relatively corporate friendly policies and reasonably friendly stance towards much of the world, as well as political stability -- makes Canada an excellent place to invest over the next few years.

Australia is another country, that much like Canada enjoys corporate friendly policies, a budget conscious government, and vast deposits of minerals across its land. Uranium, in particular, offers the possibility of raising the economic growth levels of the country significantly, while making it a key ally to have in international geopolitics. China, India as well as Europe and US are looking to strengthen their relationships with this fine country continent. The Australian dollar is strong, and looking to go much higher in the coming years. Companies based in Australia and the Australian stock exchange - continue to be great places to invest over the next several years.

Indonesia is one of the Asian Tigers that was deeply affected by the Asian currency crisis of 1997-98. It was widely expected that the country would not be able to easily recover from that crisis of confidence and get back to its rapid near double-digit growth rates. Ten years later, the country has recovered strongly and smartly registering growth rates of 6% and more, with production of coal, copper, rubber, tin as well as gold rising rapidly. Indonesia is also benefiting from the boom in India and China as these countries become big consumers of Indonesian production. This, combined with continued reforms, declining interest rates and rise in its stock market, Indonesia looks to be a great long term investment as part of the commodity appreciation bull market.

While there are other countries that are enjoying good growth owing to the commodity bull market, these three will give you good diversification and growth that you need to profit from this bull market.