First of all, here are your charts to ponder over the weekend.
The CRB made its seventh, consecutive higher weekly close yesterday. Again, your house may be going down in value and the banks may be insolvent but that doesn't mean a trip to the grocery store or the gas station is getting any less expensive.
Also, I had asked Dan to write a note that explained the hedge fund "ratio trade" that has been negatively impacting the miners for some time now. Thankfully, he obliged. If you own any mining stocks, I urge you to take some time to read this: http://traderdannorcini.blogspot.com/2011/02/hui-gold-ratio-gld-and-ratio-spread.html
Lastly, please take a few moments to watch this: "The Turd Speaks".
Have a great weekend. More tomorrow evening, after the Globex open. TF