The GDX gold miners ETF is up 6% today. Somebody's short-covering!

You think people are coming around to our view that whatever the Fed/GSEs/Bushie/Chucky do to bail out the housing crash, it's likely to be inflationary?

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CalPERS Fail

Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%. CalPERS has mi...