WEEKLY MARKET DIGEST: A CLEAR-EYED TAKE ON GOLD ROCKETING AND STOCKS SWOONING ON WEEKEND CRIMEA REFERENDUM JITTERS $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. )
A CLEAR-EYED TAKE ON GOLD ROCKETING AND STOCKS SWOONING ON WEEKEND CRIMEA REFERENDUM JITTERS
March 14, 2014
Crimea, a region of Ukraine, will hold a referendum this weekend to join Russia.
Gold is rocketing, stocks are swooning and bonds are rising on jitters.
Lets take a clear-eyed look at the situation. The following are known:
1. The referendum will go in Russia’s favor
2. Russia will come up with some face-saving avenues for the West