All this points to one outcome for copper: higher prices. With the Cobre Panama shutdown, a major strike in Peru, and production issues in Chile, supply concerns are escalating.
Those who believe inflation is headed lower could be in for a nasty surprise -- one that gets delivered by strained commodities markets in the months ahead.
Emerging market economies are consuming more gold, with most in Asia. Singapore's proximity to these markets positions it as the "fulcrum of this new balance."
Executive Director Cortez: "I believe the stewards of America's money have been very, very poor and irresponsible stewards. So introducing competition to the dollar is a positive."
