WEEKLY MARKET DIGEST: MORNING CAPSULE: INFLATION UNDER CONTROL, 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. )
INFLATION UNDER CONTROL, GOLD FALLS
August 13, 2013
August Core PPI came at 0.0% vs. 0.1% consensus. This indicates inflation is less than expectations.
American consumer is not in the buying mood; August Retail Sales came at 0.2% vs. 0.4% consensus.
Gold and silver are falling. Oil is also falling.
Interest rates had risen based on a report from Nikkei that Obama will appoint Summers as the next Fed Chairman. The reason is that Summers is perceived as hawkish on QE. … Please click here or the title below to read more.