If you listened to Monday's podcast, then you know that I tortured myself late yesterday with the thought of buying a very short term put on Comex silver. As per usual, he who hesitates is lost.

The news this morning was the latest Producer Price Index. Like the Consumer Price Index last week, it came in "cooler" than expected....still very much elevated but apparently seeming to ease back a bit:

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Key Economic Events Week of 12/5

12/5 9:45 ET S&P Services PMI
12/5 10:00 ET ISM Services PMI
12/5 10:00 ET Factory Orders
12/7 8:30 ET Productivity
12/7 8:30 ET Unit Labor Costs
12/8 8:30 ET Initial Jobless Claims
12/9 8:30 ET PPI
12/9 10:00 ET UMich inflation exp.

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