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This Goldman Sachs Managing Director mentions commodities as one of the markets that is currently experiencing a price bubble and calls on regulators to take action! (I think he missed some of the internal memos) Being based in China you would think he has a valuable perspective when it comes to the China-hype concerning commodities.
UPDATE: The Commodities Department at Goldman Sachs is still very bullish on oil, copper and corn despite the fact that supply and demand fundamentals are terrible. For instance they think that a reduction in distillate inventories is a reason to buy brand viagra online, completely discounting the fact that refineries are shutting down because business is so bad. Apparently the perma-bulls in the commodities business (whose bonus is dependent on commodity revenues) see any bubble as a buying opportunity!