January 26, 2012

NEW TRADE ON GOLD (GLD)

A new 5% tranche short on GLD right here at $167.82.

The plan is to build a new short position in GLD starting with the last entry. The plan is to build the position slowly if gold continues to go up all the way to $1825.

Our stop zone will be $1826 to $1865. This is a medium term trade and the risk of loss is high.

Those holding an existing short position in GLD or gold futures may want to adjust their position based on the principles taught in Bullet Proof Your Portfolio seminar or in the alternate, by properly using ZYX Change Method Trade Management Guidelines.… Please click here or the title below to read more.

January 26, 2012

The Federal Reserve on Gold and Silver

The Federal Reserve does not directly comment on gold and silver. For the first time in the living memory, the Fed sent a clear signal to sell gold and silver.

The market participants did not listen and ran both gold and silver up. After the 12:30 pm EST announcement from the Fed, gold ETF [s:GLD] and silver ETF [s:SLV], gold miner ETF [s:GDX] and popular miner stocks such as Newmont [s:NEM], Barrick [s:ABX] and Silver Wheaton [s:SLW] saw explosive buying.

Famed investor Benjamin Graham, said that in the short term the market is a voting machine, but in the long term it is a weighing machine. … Please click here or the title below to read more.

January 26, 2012