WEEKLY MARKET DIGEST: GERMANY AUCTIONS BONDS AT NEGATIVE YIELD, CHINESE AGGRESSIVELY BUY 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. ) A SIGH OF RELIEF ON BETTER GDP, MASSIVE CHINESE BUYING OF GOLD CONTINUES February 27, 2015 There is a sigh of relief as revised GDP came at 2.2% vs. consensus of 2.1%, and more importantly whisper numbers of less than 2.0%. This means the American economy is staying strong. Massive buying of gold in China continues. Overnight premium over international prices in Shanghai was still about $4. Part of the explanation of massive buying of