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        Hi Ted Dixon here with
your INK
        daily for Wednesday
January 12th.
        It is CPI day in
        the US and whatever the
number is,
        investors will be have to
put
        it into the context of
what we heard
        from Jerome Powell
yesterday at
        his confirmation hearing
at
        the Senate Banking
committee.
        As we discuss in today’s
US market
        update titled We are
        not going back to the old
garage,
        we heard a lot talk about
        dealing with inflation
from
        the Fed chief but there
        was no whatever it takes
moment.
        Mario Draghi was not in
the house.
        In fact, as we work
through the pandemic,
        there may be no going
        back to what we call the
        old monetary policy garage
        of ultra low rates,
        and spoon-fed QE, pardon
the pun.
        Instead, we are likely
entering
        a period of where the old
garage is
        replaced with the QE
warehouse
        where banks can drive up
to
        the $500 billion Standing
Repo Facility
        and get bank reserves
anytime they want.
        That should help keep
        a lid on short-term rates
        and support real economy
activity.
        As for long-term rates,
        that is any body’s guess
but insider
        in the US Utilities sector
do not
        appear to be very upbeat
these days.
        With the Federal Reserve
laying
        its monetary cards on
        the table when it comes to
        managing inflation,
        investors will have to
        decide we have hit peak
hawkishness.
        If we have, that could
pave
        the way for precious
metals to rally.
        Moreover, if
        the policy environment
shapes up to
        support real economy in
the years ahead,
        industrial-oriented
precious metals miners
        developing platinum group
        elements could benefit.
        This morning we head in
        that direction by
revisiting
        ValOre Metals which is
        working on a large PGE
project in Brazil.
        The CEO has been buying
after
        recent drill results and a
resource update
        is expected later this
quarter
        so we will be keeping an
eye on this stock.
        Read the full morning
        and US market reports on
inkresearch.com.
        Well that is it for
        today and I hope to see
you again
        tomorrow as we let
        the insiders guide us to
opportunity in 2022.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in
        any stock mentioned in
        our videos or in our
reports.