Why PM prices will go higher., page-146

Good Morning to everyone ! Good Morning to all Mithril shareholders.

Last Monday 21 June , we saw the USD to climb DXY:92,33 , Gold fell to 1769.24.
Friday 25 June , DXY:91,82 . Gold 1777,35 . Strong dollar = weak gold price and vice versa.

The high dollar was due to FED members´ talks about tapering QE and , more important, because of +0,05% interest rate on overnight reverse repurchase agreements. https://www.reuters.com/article/usa-fed-reverse-repo-idUSL2N2NZ23Y

We are expecting FED´S reaction to weak or strong data . We believe that will not taper even when data will be strong and QE will continue as today.

INFLATION: US Core PCE inflation rises to 3.4%, its highest level since 1992.

J. Powell this week: “We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances." In plain English , ´´ I don´t care about high inflation rates. We are keeping interest rates at 0-0,25%.´´ We have to thank Mr.Powell , because High Inflation Rates minus Nominal Interest Rates = Negative real rates, which is the best condition for higher PM prices.