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The PPI, Gold, and Dr. Copper

On November 14 the BLS released the Producer Price Indexes for October 2006.
Weak September data was followed up by even weaker October data.
PPI Highlights

Prices for light motor trucks fell 9.7 percent following a 3.5-percent gain in September. For 12 months ending October 2006 the index for light motor trucks fell 12.4%
Passenger car prices fell 2.3 percent in October compared with a 2.8-percent advance in September. For 12 months ending October 2006, the index for passenger cars decreased 3.2 percent.
The index for finished energy goods declined 5.0 percent in October following an 8.4-percent drop in September.
Residential natural gas declined 9.3 percent […]

By Michael Shedlock

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