WEEKLY MARKET DIGEST: MODI SWEEPS INDIA, GOOD 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. )
MODI SWEEPS INDIA, GOOD FOR GOLD
May 16, 2014
Narendra Modi sweeps India’s election trouncing the ruling Congress Party. Modi will have a solid majority in the lower house of parliament and thus should be able to push his agenda through. The core constituency of Modi’s BJP Party is small business, precisely the people who hoard gold. Modi will be under pressure to reduce duties on the import of gold.
The budding rally in gold was killed by great housing start numbers in the U.… Please click here or the title below to read more.
May 16, 2014