US inflation 5%, what a surprise!The runaway inflation is only transitory, so no nned to worry, say the US feds. Really? Of course, if we strip away the volatile items like food and energy, inflation is only 3.8%. Again, really? Have we ever seen energy (electricity), taxes, food, housing, etc. go down? Of course not. They are just reset and therefore as we proceed month to month. year to year, the overall effect is diminished to below 2%.
Real interest is negative, very negative at this point. Stock markets around the world are at or near record levels as it is the only chance to stay ahead of inflation, for now. That is, until corporations can't provide the earnings necessary to maintain SP valuations.
Metals should remain supported, and the mid-cap miners (read GGD included) will benefit from increased earnings and share support. Particularly as they distance themselves from junior status and increase production potential! GGD's current share price is reflecting the increasing interest, and should continue as they continue to execute on increasing reserves in both LRN and LRS. GLTA