After not doing much for the first couple hours of the trading day, gold has caught a bid and is up over 8 bucks as I write this. For good commentary on the CPI number this morning, check out http://www.ftportfolios.com/Retail/Research/EconomicResearch.aspx
From his vantage point, these numbers mean it is far more likely the fed's next move is not down, but up.
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