May 17, 2013

WEEKLY MARKET DIGEST: OIL SURGES AS RUSSIA FLEXES ITS MUSCLE IN SYRIA, BUT GOLD FALLS $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.)

OIL SURGES AS RUSSIA FLEXES ITS MUSCLE IN SYRIA, BUT GOLD FALLS

May 17, 2013

Crude oil is surging.   WTI just hit session high of $96.41.  Russian war ships are patrolling waters near Syria.  This is perhaps meant as a warning for the United States to stay out of Syria.

Gold would have been expected to rise but is still falling.

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