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Market Talk – August 12th, 2015
Wednesday, August 12, 2015 13:10
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by Martin Armstrong
Armstrong Economics
The Chinese revaluation of Yuan. has unsettle Asian Equity markets and the obvious spread across the globe. The Nikkei and Hang Seng were off 1.6 and 2.4% respectively which rolled over into Europe. The recent performance in both the DAX and CAC finished today as they became the worst performers – down around 3.6% each. The US market was also feeling the pressure with the Dow is off 240pts mid-day.
We are seeing the bounce in Gold and Silver as forecast and Oil is recovering with Brent back above the psychological $50 +2.25% (Oct delivery) on currency inflation movement.
Continue Reading at ArmstrongEconomics.com…
Source: http://silveristhenew.com/2015/08/12/market-talk-august-12th-2015/
