Month: August 2022

Bloomberg/Tracy Alloway/8-11-2022

“Last year, Pete Strates sat down with a local reporter to talk about the challenges of running a restaurant in the post-pandemic era. What started as a conversation about the difficulty of hiring workers morphed into one about the increasing price of mayonnaise. The creamy condiment, Strates told NBC affiliate WXII, was costing him $200 more per week.”

USAGOLD note: Will lowly mayo supplant the mighty Big Mac as America’s number one inflation indicator? The article cites Jerome Powell’s oft-referenced quote: “We now understand better how little we understand about inflation.” And the impact of rising mayonnaise prices………

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.

MarketWatch/Barbara Kollmeyer/8-12-2022

“Investors counting on a softer global economy to pull commodity prices lower may instead be faced with scare supplies and inflation, as the market is awash in contradictions, Goldman Sachs has warned clients.”

USAGOLD note: The latest from Jeffrey Curry, head of commodity research for Goldman Sachs …… He warns of the potential for commodity prices going “substantially higher” this fall if excess supply does not materialize as many have forecasted. Meanwhile, “of the major commodities, only corn and iron ore demand are expected to contract near term.” You get a sense from Currie that there is significantly more to the commodities question than meets the eye.

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.