14 August 2012

Gold Gets Attitude Adjustment On Hot PPI Number


The monthly change in PPI came in hot this morning at 8:30 with core PPI at .4% versus an expected .2% and PPI at .3% versus the same .2% expected.

The NY open hit gold on light volume.

Stocks rose on a 'surprisingly strong' retail sales number of .8% versus .2% expected.