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.

Gold Daily and Silver Weekly Charts - Zzzzzz

Europe is on vacation, and all but the hard core momentum traders are on strike in the US.

SP 500 and NDX Futures Daily Charts

Sleepy day, stocks and commodities shoved around the plate.