from King World News
Gold and silver are rebounding, plus look at what is happening with used car prices.
Gold & Silver Rebound
August 12 (King World News) – Alasdair Macleod: “We should say a big thank you to the bullion banks and perhaps a few hedge funds for giving us just one last opportunity to dump worthless fiat for real money – physical gold and silver.”
Inflation
Peter Boockvar: The July consumer price index rose by .6% m/o/m both headline and core, well more than the estimate of up .3% and .2% respectively. Versus last year, headline CPI is up by 1% and the core rate is higher by 1.6% vs the forecast of up .7% and 1.1%.