MORE BAD NEWS FOR GOLD AND SILVER BULLS $GLD $SLV
This post was just published on ZYX Buy Change
Serious gold and silver investors would want to take notice of Core Producer Price Index (PPI) released this morning. The reason Core PPI is considered one of the best indications of future inflation is that when producers are experiencing inflation, it ultimately spills into inflation for consumers.
October Core PPI came at -0.2% vs. 0.1% consensus. Last month Core PPI for September came at 0.0% vs. consensus of 0.2%. The point is that two months in a row the most important inflation data is coming lower than expectations. Further, in October, Core PPI has fallen for the first time since November 2010.… Please click here or the title below to read more.
November 14, 2012