WEEKLY MARKET DIGEST: CHINESE SELL GOLD AGAIN, SILVER FINALLY CRACKS, AUSSIE DOLLAR AND COPPER AT SIX YEAR LOW $AAPL $MSFT $WMT $AMZN $UTX $GLD $SLV $USO $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. ) CHINESE SELL GOLD AGAIN, SILVER FINALLY CRACKS, AUSSIE DOLLAR AND COPPER AT SIX YEAR LOW July 24, 2015 Last night Chinese sold gold aggressively. Relative to its beta, silver has been holding remarkably well but Chinese finally cracked it lower with their selling. The preliminary China Caixin PMI fell to 48.2 vs. consensus of 49.7. This was a big surprise to the market. Australian economy relies on exports to China. China is a big