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Gold's Month in Review

From the Gold Resource Investor, April 2022
By Peter Krauth

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.

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Peter Krauth is a former portfolio adviser and a 20-year veteran of the resource market, with special expertise in precious metals, mining and energy stocks. He is editor of two newsletters to help investors profit from metal market opportunities: Silver Stock Investor, www.silverstockinvestor.com and Gold Resource Investor, www.goldresourceinvestor.com. In those letters Peter writes about what he is buying and selling; he takes no pay from companies for coverage. Peter has contributed numerous articles to Kitco.com, BNN Bloomberg, the Financial Post, Seeking Alpha, Streetwise Reports, Investing.com, TalkMarkets and Barchart, and he holds a Master of Business Administration from McGill University.

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