RE:RE:RE:Gold popped 32 bucksInflation is indeed one of the important factors that participate in the direction that the value of gold can take. Taking into account that the producer price index is a leading index of inflation, it is realistic to believe that consumer prices will continue to rise. On an annualized basis, most countries already show a rate of increase in producer prices of 10% to 16%, as the case may be. China is now very close to 12% and Canada is at 15%. The risk that these increases will eventually be passed on to consumers increases over time.
Robex, like all gold companies, will obviously benefit from this favorable economic environment for gold. The entire gold sector currently attracts little investor interest, but history says that can change quickly. In the meantime, let's hope that Robex will succeed in getting its hands on assets that will reduce our exposure to risk while ensuring the sustainability of profits.
The gold market is still in a favorable position for consolidation and as Robex has repeatedly reiterated its desire to grow, I am confident that it will soon be able to close a landmark transaction.