The emerging market contagion which began making headlines and roiling markets last week is not well understood and it is not even clear which countries are ground zero for this crisis.
This could be the ‘bifurcation’ point that we have been looking for, says Eric Angeli, an Investment Executive at Sprott Global Resource Investments Ltd.
At the start of the year we asserted that the mining equities could lead the metals higher. Since then, the shares have roared higher while the metals have remained subdued.