WEEKLY MARKET DIGEST: GOLD AND SILVER SPIKE ON HEADLINE PPI NUMBER $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(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 SPIKE ON HEADLINE PPI NUMBER June 14, 2013 Gold and silver spiked on headline Producer Price Index (PPI). Headline PPI came at 0.5% vs. 0.1% consensus. As we have been sharing with you for a long time, other than a knee jerk reaction, it is best to focus on Core PPI. Core PPI came at 0.1% compared to 0.1% consensus. In other words, the buying on gold and silver is from