Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Crimson Ghost who wrote (344)	2/20/2004 3:45:19 PM
From: mishedlo	Read Replies (1) of 116555

Here's my PPI conspiracy theory. Notice the selloff in oil and copper and gold today? Small compared to the lastest rise but a start. They are gonna delay that MFing thing until prices come down quite a bit (helped by a US$ bounce perhaps), and then revise the way they calculate it to boot (hedonically adjusted copper anyone? ggg) so that it looks nowhere near as bad as it is/was. My understanding is that the PPI is indefinately "on hold" Are they looking to keep treasuries in the range 4.00-4.20 for some reason? BTW notice the DIRECT as opposed to the inverse correlation of gold and eurodollars. If I am not mistaken your logic had rising gold forcing treasuries higher. Here, once again we see falling gold and falling treasuries, as I suggested to you some time ago. What a world huh? Let's see that JBR tonight. Have a good weekend. Mish

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