WEEKLY MARKET DIGEST: GOLD AND SILVER INVESTORS TAKE NOTE: CORE PPI FALLS $GLD $SLV $GDX
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
GOLD AND SILVER INVESTORS TAKE NOTE: CORE PPI FALLS
October 12, 2012
Core PPI is a leading indicator of future inflation. Core PPI falls to 0.0% vs 0.2% consensus.
The trend in leading indicators of inflation continues to be down. The data over the recent months show is disinflationary.
Gold and silver are traditionally hedges against inflation; disinflation is traditionally bad for gold and silver however trading data shows that gold and silver continue to be under control of momo investors who tend to buy on news of low inflation and sell on the news of high inflation. … Please click here or the title below to read more.