Commodities have been on the rise this year, which is a serious threat to central banks looking to cut interest rates. If commodities are higher, it is only a matter of time before they get passed along the supply chain to the consumer. And that means odds of a second round of inflation are increasing. Today I’ll focus on metals, as it appears they have been shaken at their highs. I should add that last week’s selloff across gold, silver and copper is not an attempt to pick a major high. Far from it. But if we look at the gains since their October lows, a pullback was arguably due.On Monday, May 21st, gold reached a ... (full story)