WEEKLY MARKET DIGEST: GOLD RISES ON TRIFECTA OF FACTORS AND NOT EVEN A DEAD CAT BOUNCE IN STOCKS $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. )
GOLD RISES ON TRIFECTA OF FACTORS AND NOT EVEN A DEAD CAT BOUNCE IN STOCKS
August 16, 2013
Gold rocketed yesterday on Indian rupee weakening, Indian buying ahead of the festive season and U. S. dollar weakening. So far gold and silver are holding their gains.
After a triple digit loss, stocks are not showing even a dead cat bounce. The market has finally woken up that earnings have been mixed and taper is coming.
Gold futures are at $1367, silver futures are at $23.03, and oil futures are $107.35.… Please click here or the title below to read more.
August 16, 2013