WEEKLY MARKET DIGEST: DOLLAR HITS SIX-YEAR HIGH AGAINST YEN, GOLD CRUSHED $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. ) U.S. CONSUMERS KEEP ON SHOPPING, MOMO CROWD SHIFTS TO GOLD STOCKS September 12, 2014 U. S. consumers keep on shopping. For August Retail Sales ex-auto rose 0.3% vs. 0.3% consensus. Gold is falling after release of the retail sales data. Yesterday afternoon the momo crowd switched from buying gold to buying gold stocks. Early indications are that Smart Money aggressively shorted and gold stocks’ strength. Oil is experiencing a dead cat bounce. Our very,