Investing in a bull market is a terrific wealth building strategy, but searching and identifying that bull market is an art, perfected through years of investing experience. However, ever since the crash of the 90s dotcom bubble, the US Federal Reserve, the guardian of the world reserve currency - the US dollar - has pumped an extraordinary amount of stimulus into the US and world economy. This triggered a bull market in commodities, first seen in precious metals (gold, silver, platinum et al), then in areas such as copper, zinc and other base metals. For the astute investor who asked the question "Where to invest in a commodity bull market", there were many wealth building avenues open!

While gold prices frequently run up during periods of low interest rates and generally declining value of the US dollar, when the situation sustains itself, other commodities tend to react to the falling value of US dollar by pricing themselves upward. While supply-demand situations create secular bull and bear markets in commodities, the moves get exaggerated when accompanied by an artificially low interest rate environment - which more often than not, results in asset bubbles. Thus to pick areas of investing to participate in a commodity bull market, one must

1. Understand which of the various commodities are facing a long-term supply/demand crunch which will underpin your investments and put a floor on prices. Reasons could include - increasing consumption in China, new plans for say certain chemical plants but no known new resources, etc..
2. What is the political climate and attitude towards mining of that commodity? If it is difficult to quickly add to the supply, it makes for a bullish short term situation.
3. Exploratory funding availability - money available to explore new sites. Typically, when the price of the commodity reaches certain level, new money becomes available. It is best to get into a commodity before it reaches this level; though the bullish run will last a long while after money for new exploration is made available.

Furthermore, you must decide between investing in

1. The metal itself, through either the futures market, or an underlying price tracking ETF
2. Mining stocks associated with that commodity, which can give you leverage, especially as the price goes up significantly

Always keep a close eye on the price of the commodity, and have a clear sell strategy. Commodity prices are traded worldwide and prices can change on a dime, and you must decide when to completely close all your positions and take your profits. Selling some all the way up is a good strategy to make sure that you see some real versus paper profits.

Following the above guidelines will build you wealth rapidly in a commodity bull market! Happy investing!