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No Interest Rate Cut Coming as Inflation Persists [Video]

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Home Based Business
  • Newmont leads gold stocks higher
  • America’s National Debt Continues Skyward
  • Dr. Kirk Elliott’s Thoughts on the Fed’s Next Move

With inflation staying sticky, gold and gold stocks have benefited. What’s more, the Fed refuses to raise rates despite persistent inflation and soaring home prices. According to data from April 30th, the Case-Shiller national home price index hit a fresh all-time high in February. Last week, Newmont topped all forecasts, reporting robust earnings that sent the stock up nearly 13% on April 25th. Newmont is the world’s largest gold producer and floored the markets with its results.

Tom Palmer, Newmont’s President and Chief Executive Officer, stated,

“Newmont delivered a strong first quarter operational performance, producing 2.2 million gold equivalent ounces and generating over $1.4 billion in cash from operations before working capital changes.”

These results lifted almost all miners as inflows into gold stocks surged. Newmont’s remarkable achievement of reducing its all-in-sustaining costs for gold production by 33% compared to the previous quarter, to $1,148 per ounce, sparked …

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