From 24/7 Wall St.:
Ben Bernanke thinks the risks of inflation may be overstated or those fearing major inflation may be misguided. But that feeling is still not shared by many on Wall Street and also not shared by many on Main Street. In fact, the recent return of gold prices off the $900 mark to almost $950 and the return of oil back close to $65.00 per barrel have many wondering if that higher Producer Pricing Index data from June could get a repeat either in July or in August.
Our guess is August rather than July, but there is still almost two trading weeks left in the month of July. We have earnings coming from some majors in the next week and wanted to evaluate those trends for Barrick Gold (NYSE: ABX), Goldcorp (NYSE: GG), Randgold Resources Limited (NASDAQ: GOLD), and Anglogold Ashanti Limited (NYSE: AU).
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