The metals traders are of a different opinion on the STUPID CPI... The Chinese Gold Association told us yesterday that Gold consumption rose 1.23% for the 1st half of this year. The association noted that the country's gold consumption patterns were in flux, as the combination of sharp price fluctuations and a new policy toward taxation on Gold kept Gold from really moving past its previous record for consumption. The Gold Co's listing for holding of Gold for the Chinese can't possibly be correct, and it's way too low.... The U.S. Data Cupboard has the STUPID CPI for July for our viewing pleasure this morning... And that' it...