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Market Update – Major reversal seen in Russia

By: Emerging Money
Posted: 5/22/2013 8:15:00 AM
Referenced Stocks:

Major reversal in Russia ( RSX , quote ) coming off the bottom.

Image courtesy Andrey: http://www.everystockphoto.com/photographer.php?photographer_id=2510

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.