Tuesday, January 11, 2011

Wholesale Inventories, Credit-Card Delinquencies Paint Mixed Picture

On the plus side, U.S. wholesale inventories declined 0.2% in November due to increased sales; average expectations were for an increase of 1.0%. On the minus side, consumer-credit delinquencies in the third quarter of 2010 ticked up from 3.00% to 3.01%.

Since the former item is more recent, the overall tilt is positive. Gold drew little from either announcement, having fallen from its run at the beginning of the pit session to $1,374-76 prior to those releases being disseminated.

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