WEEKLY MARKET DIGEST: SCHIZOPHRENIC REACTION TO CHINA $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. )
SCHIZOPHRENIC REACTION TO CHINA
August 9, 2013
Yesterday the market went up in reaction to strong import export data from China. Today, the market is down on strong industrial production data from China. Industrial production increased 9.7% year over year compared to consensus of about 9%. The thought is that strong data means China is less likely to ease monetary policy.
Gold futures are at $1308, silver futures are at $20.24, and oil futures are $104.42.… Please click here or the title below to read more.
August 9, 2013