WEEKLY MARKET DIGEST: INFLATION HEATS UP IN CHINA, MIXED FOR GOLD $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
OVERALL CONSUMER INFLATION RUNS HOT BUT CORE SUBDUED
March 15, 2013
Consumer Price Index (CPI) came at 0.7% vs. 0.5% consensus. However Core CPI came at 0.2% vs. 0.2% consensus.
Gold and silver attempted to stage a rally but have failed so far.
The stock market continues to be overbought.
Gold futures are at $1591, silver futures are at $28.77, and oil futures are $93.6.
S&P 500 resistance levels are 1565, 1570, and 1575; support levels are 1558, 1550, and 1537.… Please click here or the title below to read more.