Apparently the entire fate of all humanity rests on one government-generated number that rolls out Tuesday morning, which is the Consumer Price Index. Here’s the history of it in recent years. Try to spot a trend, if you can.
Ride the Rainbow
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
As Inflation Signals Fade, the Gold Mining Sector Outperforms
The gold mining sector is doing what it should do amid fading inflation
If you have tuned out inflationist gold bugs since mid-2020 you are now in position to capitalize, unlike scores of inflation bugs who’d already bought (and likely sold into tax loss season, 2022).
Readers of nftrh.com have seen this space write many times how gold is not about inflation. At least not primarily. That compounds with the gold miners, which leverage gold’s standing within the inflated (and periodically deflated) macro. The gold mining sector is not about inflation. As in 2003-2008 the gold miners can rise during an inflationary phase, but as in Q4, 2008 they would then be summarily executed due to poor accumulated fundamentals.
(more…)Raging Inflation
Inflation Easing & the Miners
The macro market and economic backdrop continues to pivot favorable for the gold mining sector
The risk/reward for gold stocks has been very good after 2.5 years of correction that, contrary to what a majority of gold bugs think, was very valid amid the post-pandemic cycle of cyclical inflation. I won’t review the details about why here, as it is beyond the scope of this article and I’ve parroted them in several blog posts at nftrh.com. But suffice it to say, the gold stock sector did the work it was supposed to do since August, 2020.
(more…)Inflation’s Vanishing Act
I hadn’t heard about the Flexible Consumer Price Index until I read about it from David Stockman. He pointed to it as evidence of how hot inflation was running. Well, that was true a few months ago, but look how fast it has collapsed. Maybe there’s something to the accusation that companies are cranking up prices under the guise of inflation, because I can assure you that what I pay for groceries and eating out is way, way, way higher than freaking’ 7% (more like 40%).
