What did gold do in response to the latest inflation numbers? It soared by $50, from a base of around $1,925 to $1,975 within just 5 trading days. Gold has held $1,900 since mid-February, and $1,920 since mid-March.
I’m actually surprised that the March rate of 8.5% wasn’t higher. In the past year, energy was up 32%, while food was up 8.8%. Over the last 12 months, gasoline is up 48%, transportation 7.7%, electricity 11.1%, used cars 35%, new cars 12.5%, meat/fish/eggs 13.7%, food at home 10%, food away from home 6.9%, clothing 6.8%, and shelter 5%. And yet rents are up 17%, while home prices are up 19%.
Click the image above or the following link to read Gold's Month In Review.
In her letter, Resource Maven explains what she is buying and selling, and why. Maven has bought into several of the markets best - performing stocks well ahead of the curve. She regularly identifies exciting new exploration opportunities and manages the inherent risk by selling some into speculative gains. And the mine builder and operator stocks that form the basis of the portfolio give strong, ongoing leverage to the rising prices of gold and silver. She has your precious metal bases covered.
I am 74 years old and despite my age, my risk tolerance is still considerable. I like base metals, but most of all I like the mine stocks you cover in your Maven letter. Thanks again for your kindness and congratulations on your work.
BTW - I really enjoy reading your newsletter - very comprehensive and you do an excellent job of integrating a macro perspective into your analysis.