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CPI says Buy Gold
Month over month CPI came in this morning at .4% which was higher than what was anticipated. This means Consumer Prices are up and that is inflationary. The market now lies in wait for the Fed Minutes tomorrow afternoon, and in my opinion, will be looking for language addressing this very topic. If that is the case, then I believe you buy Gold w/ both hands, Sell the Treasuries, and forget the word S&P for the day.