Editor’s Note: I will be speaking at an upcoming conference The Vancouver Resource Investment Conference in British Columbia on May 17 and 18.

Gold and silver sold off sharply today. A force taking gold lower was dollar strength which then led to selling pressure.

Today the Bureau of Labor Statistics (BLS) released the latest inflationary data vis-à-vis the Consumer Price Index for April 2022. As expected by many analysts the data revealed that inflationary pressures continue to run exceedingly hot.