Gold portfolio allocations should soar too on the raging inflation unleashed by the Fed nearly doubling the money supply since March 2020’s stock panic. This is a great setup for a big gold-stock autumn rally.
As the demand for metals required to fuel it continues to ramp up, the pressures among mining companies to meet that demand are only going to intensify.
Many more new mines will need to be build and existing mines will have to produce more.
The newly permitted area for pad expansion is larger than the initial phase two expansion area slated for construction. This allows the Company to expand the pad further in the future under these existing permits, if and when necessary.
Unlike the May CPI data release, the metals have traded marginally higher several days after the numbers were released, though they did get hit on Friday. If gold can have another strong week..
