Emerging Money Daily Audio Call May 26 - On the call today we address Global markets trading like it’s the start of May not the end of May as US players come back from a long holiday weekend to confront major FX volatility and fresh Greek noise that is a little louder than usual…

Phone Audio

Volatility will continue to move higher if the velocity of these FX moves remains at hyper-speed.

EM needs to defend a couple key level on the $EEM.  We also point out that China may in fact be making the pain overall for EM much less than it should be with the macro backdrop playing out as it is…

So much for a gold breakout>  While we have not at all advocated a long gold position we did question whether you were seeing a bottoming process that would allow for investment in Gold miners.  What do we think now?

 

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