WEEKLY MARKET DIGEST: CHINESE AGGRESSIVELY BUY GOLD BUT SMART MONEY SLAMS IT AND JAPAN HITS 15 YEAR HIGH $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. ) GOLD AND OIL SLAMMED BY SMART MONEY ON HOTTER INFLATION DATA May 22, 2015 Core Consumer Price Index (CPI) came a 0.3% vs. 0.2% consensus. Smart Money slammed gold, silver and oil on the foregoing data. The concept being that if inflation is running hotter, the Fed will be forced to raise rates sooner rather than later. If rates rise, dollar will become stronger. Since gold, silver and oil are priced in dollars, stronger dollar will