March 22, 2013

WEEKLY MARKET DIGEST: BULLS CONTROL STOCKS BUT CAUTION WARRANTED, GOLD SHOULD HAVE SHOT UP BUT DID NOT $GLD $SLV $SPY

map_of_cyprus 3-22-13 BLOG

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

EXPECT STOCKS, BONDS AND GOLD TO MOVE ON CYPRUS RUMORS

March 22, 2013

Friday’s are especially vulnerable to rumors. Expect stocks, bonds and gold to move on rumors related to Cyprus.

Stock market continues to be overbought. Aggressive buying should be avoided. We will continue to recommend select buying and select profit taking.

The momo crowd has tried to run up gold as they should have in the wake of the Cyprus crisis, but Smart Money keeps selling gold on up-spikes. … Please click here or the title below to read more.

March 22, 2013

DOWNGRADING THAILAND $THD $TTF $TF

thailand pm image 3-22-13 emerging

This post was just published on ZYX Emerging Markets ETF Alert.

We are downgrading Thailand to Mild Sell from Neutral in the short-term, Mild Sell from Neutral in the medium-term, and Mild Sell from Buy in the long-term.

We have previously been informing you about the risks in Thailand if the Prime Minister Yingluck Shinawatra does anything to help her brother. Her brother Thaskin Shinawatra was Prime Minister from 2001 to 2006. In a coup he was overthrown by the military. Since then he has been in exile.

There are rumors that Yingluck Shinawatra could be indicted for issuing a passport to her brother.… Please click here or the title below to read more.

March 22, 2013