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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.33+5.2%Nov 26 4:00 PM EST
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To: Ironyman who wrote (29839)3/12/1999 3:20:00 PM
From: Hawkmoon  Read Replies (2) of 116770
 
Yeah, but PPI numbers still do not reflect inflation in the economy.

Now if oil prices remain in a sustained rally, then we might see inflation move up slightly. However, we should face the facts about oil. There too much of it and everytime the price moves up, it increases the viability of bringing on new supplies.

The recent price rise in oil is likely a head-fake that will permit forward selling of future supplies at a nice tidy profit to what the price will likely be 1/2 year from now.

Ron
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