WEEKLY MARKET DIGEST: STOCK MARKET SHOWS SIGNS OF EXHAUSTION, INTEREST RATES CLIMB AND BARGAIN HUNTING IN 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.)
PERSONAL INCOME AND SPENDING WORSE THAN EXPECTATIONS, GOLD BUYING IN ASIA BUT SELLING IN AMERICA
May 31, 2013
April personal income came at 0.0% vs. 0.1% consensus and personal spending came at -0.2% vs. 0.1% consensus. These numbers indicate the consumer is slowing.
Gold and silver saw heavy buying in Asia but mild selling so far in North America.
Stock market bulls are acting tired this morning. Our stance remains select buying, select shorting and select profit taking.… Please click here or the title below to read more.
May 31, 2013