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Market Update – Major reversal seen in Russia
By: Emerging Money
Major reversal in Russia ( RSX , quote ) coming off the bottom.
Note the reversal on April 23rd that was a powerful turn on intraday and began the move. Funny how now a bunch of global houses making overweight Russia calls.
Also interesting a lot of this has happened as Gold ( GLD , quote ) has been front and center with its move lower and a focus on deflation.