by Stefan Gleason
GoldSeek
Is it a temporary blip… or the beginning of a long-term trend? That’s the key question facing consumers, investors, and retirees when it comes to inflation.
There’s no denying that inflation pressures have picked up dramatically over the past 12 months. Price spikes in commodities including copper, grains, gasoline, and lumber tell the story – as do the raging bull markets in equities and housing.
Rapidly rising prices across an array of asset classes are a symptom of excess currency creation.
As economist Milton Friedman famously noted, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
Copper’s broad use in various industrial sectors including construction, transportation and telecommunications, makes it a reliable early indicator of economic activity.
When you’re going to lie, make it a whopper.
Republican Florida Governor Ron DeSantis on Wednesday informed unemployed Floridians during a Wednesday press conference that May will be the last month they can collect unemployment benefits without proving they are looking for work.
Patrisse Cullors, the co-founder and executive director of Black Lives Matter’s national arm, has funneled business to a company led by a man she identified as the father of her only child, a Daily Caller News Foundation review of business records, interviews and social media posts found.
We have tried to break 1800 in Gold on at least 4 occasions and we’re trying again as I type. It’s safe to say that when this level breaks, one should expect a sharp rise higher.
Gold, silver and mining stocks surged today, but you haven’t seen anything yet according to one of the greats in the business.
There is a growing recognition in financial circles that price inflation will increase significantly in the near future, and official estimates that it will be a temporary phenomenon limited to an average of 2% are overly optimistic. There is, therefore, increasing speculation about the need for interest rates to rise.
President Joe Biden’s administration has made the fight against climate change a central part of its $2 trillion infrastructure plan. This legislation, if it ever sees the light of day, would shovel more than $100 billion of subsidies toward boosting the market for electric vehicles, as well as updating the country’s electric grid to make it allegedly more resilient to climate disasters.
May is on its way, and the old investment saw, “Sell in May and go away,” will be tested once again. Jared Blikre, writing for Yahoo Finance, provides the history behind what may or may not be good advice. “The full axiom was originally, ‘Sell in May and go away, and come on back on St. Leger’s Day,’” he explains. “It has its roots in the City of London. Financial professionals would go on holiday in May for approximately four months to escape the summer heat and return for the St. Leger derby in mid-September.”
