US Annual Inflation Rate will be out next Friday .

US Annual Inflation Rate will be out next Friday .......................


December 10. Forecast rising to 6.9%



https://tradingeconomics.com/united-states/inflation-cpi



Volume in December 2022 Gold Future has been rising for 4 quarters as early bird investors seek safe haven in gold. If actual inflation rate matches or exceeds the forecast, gold and mining index will surge sharply next Friday, December 10 leading to an explosive breakout in the new year while volume in XAU will surge in 2022 after a hiatus in 2021 as a new bull market in mining stocks begins. XAU will test the historical high at 230 made in 2011 and will likely make new record high.

As money supplies continue to rise exponentially, the world could be heading for a double-digit inflation as happened in the 1970's.



Dec 2022 Gold Future Quarterly


https://bigcharts.marketwatch.com/advchart/fr...2&x=59



Dec 2022 Gold Future Annually


https://bigcharts.marketwatch.com/advchart/fr...2&x=37



XAU Mining Index Annually


https://bigcharts.marketwatch.com/advchart/fr...mp;state=8