The Inflation Monster

Reared its ugly head again yesterday with the Producer Price Index for May coming in 1.4 percent higher.

Even worse is the 7.2 percent that producer prices went up since May of last year. It's obvious that the Fed needs to fight inflation.

But with growth slowing, the chances of the Fed drastically raising interest rates is virtually nill.

That means precious metals should do very well over the next few months.