What is going on is either serious or it isn't. That may seem silly to say but whatever is going on in the last couple of weeks has no bearing on the long term supply and demand dynamic for this space or the long term economic impact either. Notice I am not saying commodities have to go up or that we are doomed to suffer hyperinflation. Whatever your perception here is, the market action has not changed the fundamentals.
If you think the entire commodity theme is hooey, there should be no reason to be convinced you are right and if you think gold is going to $2000 there is no reason to think you are wrong. To the extent that commodities and whatever will happen with inflation are long term idea they do not changed based on a couple of weeks of trading.
Example; last fall the financials got pasted then they banned short selling and they skyrocketed. Problem solved some folks thought but of course the worst was yet to come and the market action of taking them up in the last two weeks of September meant nothing (except maybe a short term trade for anyone nimble enough, to the bigger picture.
Commodities, emerging markets and and other reflation plays are generally volatile. The more you add the more volatile you make your portfolio. In the very short term,
The first picture is from a coffee house in Astoria and the second is as we go over the Lewis and Clark Bridge. If you've ever seen the show Ax Men on the History Channel; we drove all through where the show is filmed, saw a lot of lumber yards and logging trucks.