Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project... see more

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Novo Resources Corp > Inflation up strongly, gold down

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Post by ValuePro on Dec 14, 2021 10:18am

Inflation up strongly, gold down

"Wholesale inflation jumps record 9.6% over past 12 months"

finance.yahoo.com

This is the most significant move on record and is up 33 percent from the month before.

The Consumer Price Index (CPI) numbers will likely be out in a day or two. That news, combined with the above and last month's numbers, means that financial times have changed. The US Federal Reserve will respond dramatically and even announce higher interest rates coming sooner than expected.

The short-term consequences will be falling stock prices generally. Further out, precious metals prices will soar, in my opinion.

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Comment by ValuePro on Dec 14, 2021 4:17pm

Dollar-cost averaging got me in below a dollar (US) today. I am buying silver stocks too. Today's news alone and a Fed response will not slow increasing rents, food prices, or clear clogged ports. History proves that the natural consequences of inflation means accelerating price increase as interest rates turn up. That seems counterintuitive, but it's the way ...more

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