WEEKLY MARKET DIGEST: SMART MONEY IS SELLING GOLD, PERSONAL SPENDING 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. )
SMART MONEY IS SELLING GOLD, PERSONAL SPENDING FALLS
August 30, 2013
Starting yesterday afternoon and continuing this morning, our algorithms are detecting selling of gold by Smart Money. So far the selling is light.
Based on conventional wisdom, on a Friday before a long weekend and in front of a possible strike on Syria, there should have been strong buying in gold.
Clearly Smart Money is acting contrary to the conventional wisdom.
The American consumer has been the backbone of this recovery. … Please click here or the title below to read more.
August 30, 2013