The PPI hostages were released today, and they tell a dismal tale.
The notion that a weaker dollar is harmless is starting to fail. Gasoline prices are soaring and $2.00 gas seems inevitable! Dubya should note that $2.00 gas would hurt his standing with those NASCAR dads he relies on so much.
Virtually every commodity is up big. Alas, poor Gold has been a lagger, but probably only because of central bank hanky-panky.
Still if they play games with gold, buy silver or copper!
Even yesterday, during the big rally with "proxy stocks" like Yahoo and CAT soaring, golds were down.
Not today!
THE SNAP BACK RALLIES IN GOLD HAVE BEEN SO PREDICTABLE THAT YOU HAVE TO WONDER WHY MORE PEOPLE DON'T "PLAY" IN THE GOLD STOCKS!
READ THE PPI BELOW:
http://www.bls.gov/news.release/ppi.nr0.htm
