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CPI Posts Biggest Drop in 54 years - Mike Swanson (05/15/09)

Submitted by Mike Swanson on Fri, 2009-05-15 14:46.

For the past year we have seen records of all kinds made in the economy and stock market - from the depth of market crashes, to heights in the price of oil, big rallies in the stock market, and now a big drop in consumer prices.

CNN reports today that the annual CPI posted a .7% decline, the biggest year-over-year decline since 1955.

Most of the decline was due to oil prices that have fallen 25.2% over the past year.

Interestingly gold has performed better than most commodities and normally gold leads commodities. Last year gold and gold lagged oil going into the summer peak in oil prices. Perhaps this year something different is happening. It may good a good time to keep an eye on gold stock picks.

For those looking to learn how to trade check out my stock trading basics free e-book.

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