WEEKLY MARKET DIGEST: GOLD JUMPS ON CHARLES EVANS’ COMMENTS AND GOVERNMENT SHUT DOWN PROSPECTS $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 JUMPS ON CHARLES EVANS’ COMMENTS AND GOVERNMENT SHUT DOWN PROSPECTS
September 27, 2013
Gold jumped this morning on comments by Chicago Fed President, Charles Evans, and government shut down prospects.
The gold market is misinterpreting Evans’ comments. Evans was all over the place regarding taper; gold bulls simply picked up the bullish points and ignored the bearish points.
The gold market is believing that there will be a government shut down, but a shut down is not priced in the stock market. … Please click here or the title below to read more.
September 27, 2013