(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 RISES ON TRIFECTA OF FACTORS AND NOT EVEN A DEAD CAT BOUNCE IN STOCKS August 16, 2013 Gold rocketed yesterday on Indian rupee weakening, Indian buying ahead of the festive season and U. S. dollar weakening.  So far gold and silver are holding their gains. After a triple digit loss, stocks are not showing even a dead cat bounce.  The market has finally woken up that earnings have been mixed and taper is coming.

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )  SCHIZOPHRENIC REACTION TO CHINA August 9, 2013 Yesterday the market went up in reaction to strong import export data from China.  Today, the market is down on strong industrial production data from China.  Industrial production increased 9.7% year over year compared to consensus of about 9%.   The thought is that strong data means China is less likely to ease monetary policy. Gold futures are at $1308, silver futures are at $20.24, and oil futures

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )  EMPLOYMENT DATA WEAKER THAN EXPECTATIONS, GOLD SPIKES August 2, 2013 The U. S. employment data came much weaker than expectations.  Non-Farm Private Payrolls came at 161K vs consensus of 195K and whisper number of 225K. Inflation is under control.  June PCE Core Prices came at 0.2% vs 0.2% consensus.  This is our favorite inflation indicator.  Year over year PCE Core Prices are up only 1.2%.  Prior to the release of the data, gold had fallen under $1285.  Immediately after