20 of 22 US Hedge Fund Managers Say They Bought Physical Gold For Personal Accounts
“Gold lures inflation wary hedge fund chiefs”, Reuters, July 30 (via Kirk)
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Before the open of the market yesterday (Wednesday) The Labor Department announced (subscription required) that core inflation (“core” excludes food and energy) increased .256% from December to January. Core prices were 2.7% higher compared with last January. The Fed’s desired…
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Okay, That’s Enough Rallying For Now
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“The [consumer price index] is what spurred this rally. We lost a lot of the gains [to record highs] and now we’re getting them back.” – Jim Herrick (subscription required), Head Trader, Robert W. Baird So the Consumer Price Index (CPI)…