WEEKLY MARKET DIGEST: TENTATIVE OUTLINE OF A DEAL IN WASHINGTON EMERGES, GOOD FOR STOCKS BAD FOR GOLD $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. )
NEGOTIATIONS START IN WASHINGTON BUT IT IS NOT A DONE DEAL
October 11, 2013
Yesterday the morning capsule proved to be spot on. Negotiations have started in Washington but there may still be hiccups in getting a deal done.
Expect the day to be influenced by rumors related to the deal. Also expect short covering going into the weekend.
Gold is falling. Interest rates are falling, and oil is falling.
Stocks are near unchanged.
Gold futures are at $1289, silver futures are at $21.61, and oil futures are $101.78.… Please click here or the title below to read more.
October 11, 2013
