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Simple math is about to cause an inflation problem
By Reade Pickert
Bloomberg News
Monday, April 12, 2021
No economic question is being debated more right now than whether the United States will see a sharp rise in inflation. But the answer for the next few months is simple: Yes.
Due to the way the government's inflation metrics are calculated, what will appear to be significant price increases are all but guaranteed. The phenomenon is known as the base effect, a term worth keeping in mind when new figures make the argument even wilder.
... Dispatch continues below ...
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Asante Gold C$5 Million Placement Is Oversubscribed
and Another C$2 Million Is Accepted;
Drilling Finds 7.47 g/t Gold over 30 Meters
Company Announcement
Monday, March 22, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE, Frankfurt: 1A9, U.S. OTC:ASGOF) announces that assays have been received for the first hole of a three-hole geotechnical drill program at our Kubi Gold project in Ghana.
DDHK21-001 was collared approximately 100 meters to the north of the Kubi Pit, near the middle of the 1Kubi Main Mineral Resource. On this section gold mineralization has been previously outlined to a depth of 450 meters. The gold is free milling and occurs within a near vertical 1-kilometer by 1-meter to 15-meter-thick shear-bounded "garnet" zone.
Gold is associated with up to 30% garnet and 15% sulfide mineralization and as coarse gold in late quartz veins.
The drilling has confirmed typical Kubi Main Zone gold mineralization.
-- 30 meters grading 7.47 g/t gold (true width estimated at 7.5 meters), including:
-- 14.31 g/t over 10 meters.
-- 5.69 g/t over 9.0 meters.
-- 10.75 g/t over 16 meters.
Given the presence of visible gold and the numerous high assays received, samples have been resubmitted for screened metallics assays, which give more exact results when coarse gold is present. Further results will be announced as received. ...
... For the remainder of the announcement:
https://www.asantegold.com/news/cad-5-million-placement-oversubscribed-a...
Year-over-year comparisons will appear large for a host of economic indicators in coming months -- in the U.S. and, for that matter, elsewhere in the world -- after the pandemic and related business shutdowns curbed activity during the same periods in 2020. But arguably no data point is more in the spotlight on this front right now than inflation.
What is the base effect?
Inflation metrics are calculated on both a month-over-month and year-over-year basis. Economists and investors tend to look at the year-over-year figure, since there can be a lot of monthly volatility. But what happens when the month you're harking back to coincides with the onset of a global pandemic?
That's where the base effect comes into play. Price indexes fell in March and April and stayed low in May amid lockdowns and widespread business closures. And while prices soon began picking up, the year-over-year increases for March-May will appear abnormally large as the upcoming figures are compared to the very low readings of last year. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2021-04-12/simple-math-is-about-...
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