WEEKLY MARKET DIGEST: THE PERIOD LEADING TO THANKSGIVING IS TRADITIONALLY POSITIVE, GOLD NOT RESPONDING $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. )
THE PERIOD LEADING TO THANKSGIVING IS TRADITIONALLY POSITIVE, GOLD NOT RESPONDING
November 22, 2013
Traditionally the period leading to Thanksgiving is positive both for stocks and gold. Stocks continue their march upwards, but this year gold is not responding. So far, overnight, all attempts to mount a rally in gold have failed. The main problems facing the gold market is the heavy presence of the momo crowd. The momo crowd is sitting on heavy unrealized losses in gold and silver. … Please click here or the title below to read more.