Actually, this is the info I was referring to...wrong link in the previous post. This is a very REAL sign of life for large equity firms. If they start investing in commodities like this, it will be like packs of hyenas..all following the first pack. Could make 2009 very interesting..... If you have some free time, check out Leon Black's bio...very interesting guy.

Apollo Management Likes All That Glitters

Amid the credit crunch and widespread capital starvation, one firm hopes to raise $500 million for a niche market hedge fund.

According to Bloomberg, Apollo Management, the private equity firm led by Leon Black, plans to start a fund focused on trading copper, gold and mining stocks. The idea is to take advantage of the worst collapse in commodity prices in half a century.