- Violent protests have erupted in Colombia in response to proposed reforms to the South American country’s tax system.
- It’s against this incendiary backdrop that U.S. lawmakers are having their own tax reform debate.
- The value of the U.S. dollar decreased more than a full percent last week against a basket of international currencies, supporting gold and commodities and adding to inflation concerns.
- One of the most obvious signs of inflation is rapidly expanding commodity prices, which rose to their highest since 2011 last week.
- I don’t see asset prices pulling back in the short term, so stay long.
For further details see:
Gold And Copper Brighten As Inflation Worries Mount