WEEKLY MARKET DIGEST: YEN BREAKS 100, GOLD FALLS BY $33 $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.)
YEN BREAKS 100, GOLD FALLS BY $33
May 10, 2013
In yesterday’s mornings capsule, we told you about Weekly New Unemployment Claims coming in better than expectations. That single piece of data has turned out to be the trigger for yen breaking 100 for the first time in four years and gold falling by $33.
Bulls remain firmly in control of the stock market even though the market is very overbought.
Gold futures are at $1434, silver futures are at $23.35, and oil futures are $94.77.… Please click here or the title below to read more.