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Alasdair Macleod: Central banks are running out of road with inflation
By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, September 3, 2020
If you think that price inflation runs at about 1.6 percent you have fallen for the Consumer Price Index myth of the U.S. Bureau of Labor Statistics.
Two independent analysts using different methods -- the Chapwood Index and Shadowstats.com --prove that prices are rising at a far faster rate, more like 10 percent annually and have been doing so since 2010.
... Dispatch continues below ...
Kodiak Drills 282 meters of 0.70% Copper
and 0.49 Grams per Tonne Gold (1.16% CuEq),
Including 45.7 meters of 1.41% Copper
and 1.46 grams per tonne Gold (2.75% CuEq)
Thursday, September 3, 2020
VANCOUVER, British Columbia -- Kodiak Copper Corp. (TSX-V: KDK; OTC: KDKCF) today reported the discovery of a significant high-grade copper-gold extension of the recently discovered Gate Zone at the company's fully owned MPD copper-gold porphyry project in southern British Columbia. The MPD project is accessible year-round from paved highways 5A and 97C.
Chris Taylor, chairman of Kodiak, said: "As compelling as our 2019 discovery of the Gate Zone was, it now appears we had only grazed the margins of a much stronger copper-gold zone that we have now successfully targeted. Our new results include discovery of a central high-grade copper-gold zone within the wider copper-gold mineralized envelope of the Gate Zone. These drill results are among the strongest reported from this well-established copper mining district. Drilling is ongoing and we will be releasing additional results throughout the coming months."
Kodiak President and CEO Claudia Tornquist said: "While we are just beginning to unlock the untapped potential of the MPD project, we view this new discovery as transformative for the project and by extension for Kodiak. Especially remarkable are the new high gold values, which we would have viewed as a successful stand-alone gold discovery in the absence of any copper. Given our 100% ownership of MPD, and its position adjacent to highways with year-round accessibility, we anticipate a very active remainder of 2020 and that 2021 will be our most exciting and productive year so far."
For the remainder of the announcement:
This article discusses the consequences of price inflation suppression, particularly in the light of Federal Reserve Chairman Jerome Powell's Jackson Hole speech, in which he downgraded the importance of price inflation in the Fed's policy objectives in favor of targeting employment.
It concludes that the reconciliation between the BLS CPI figure and the true rate of price inflation is inevitable and will be catastrophic for the Fed's policy of suppressing interest rates, its maximization of the "wealth effect" of inflated financial asset prices, and for the dollar itself. ...
... For the remainder of the analysis:
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