Even as commodities track higher, our industry observers don't see a 2008-sized bubble yet.

With John Osbon, Gerard Klingman and Bill Singer.

With 

• John Osbon, Founder and CIO of Osbon Capital Management;

• Gerard Klingman, President of Klingman & Associates; and 

• Bill Singer, Shareholder in the Securities Practice Group of the law firm Stark & Stark and Publisher of http://BrokeAndBroker.com and http://RRBDLaw.com

  Morgan Brennan, Forbes Editor: Almost a year ago, a commodities bubble quickly ballooned and burst. Oil, which had catapulted to a whopping $147 per barrel, began its sharp descent to December lows of $30 and change. Agriculture, natural gas and aluminum, which had climbed to record-breaking highs, dropped nearly 50% by December. Hovering at low prices, these commodities appeared to be stabilizing in the first quarter of 2009.

To read the entire Intelligent Investing Panel interview, visit: http://www.forbes.com/2009/06/23/commodities-bubble-oil-intelligent-investing-agriculture.html