WEEKLY MARKET DIGEST: RARE SELLING IN GOLD AND SILVER AHEAD OF DIWALI $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. )
STOCK MARKET ENCOURAGED BY DATA FROM CHINA, GOLD CONTINUES TO FALL
November 1, 2013
China Manufacturing PMI came at 51.4 vs. 51.1 consensus. As a result the stock market is encouraged.
In the recent past, gold had moved up on better PMI data from China. The theory has been that the better China does, the more gold the Chinese buy. But today it is not true as gold continues to fall.
Oil breaks below $96.… Please click here or the title below to read more.