The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.

As noted above, the “Ring of Fire” is an area of great potential mineral wealth located in the far northern Ontario Province of Canada. Many companies have sent in exploration and development teams…

After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.