Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (53684)	6/11/2000 5:05:00 PM
From: James Berg	Read Replies (1) \| Respond to of 99985

If you do some digging in the PPI data, you can find a 9.9% increase in the price of crude energy materials in the crude goods section. It will probably take a while for this to be passed along to intermediate and finished goods, but most people are already noticing the change at the pump... bls.gov Crude goods The Producer Price Index for Crude Materials for Further Processing turned up 3.2 percent in May, seasonally adjusted, after declining 2.5 percent in April. Prices for crude energy materials also rose, after falling in the prior month. The index for basic industrial materials fell less than a month ago. By contrast, prices for crude foodstuffs and feedstuffs fell, after rising in the previous month. (See table B.) Prices for crude energy materials turned up 9.9 percent in May, after posting a 6.9-percent drop in April. Leading the way, the index for crude petroleum gained 21.6 percent, following a 23.7-percent drop in the previous month. Coal prices rose, after falling in April. On the other hand, the natural gas index increased 3.1 percent, following an 8.7-percent advance last month.