July 6, 2012

This post was just published on ZYX ShortChange Alert

Now there is $3.82 profit in GLD in one day. Gold futures are at support at $1578.5. Light buying is coming here.

Most investors may consider booking profits on GLD right here at $153.18.

Aggressive investors may consider holding but putting in a tight stop to protect profits.

Probability of gold breaking the support here is high, however gold can also experience a short squeeze as the pit trading in Chicago closes at 1:30 PM.… Please click here or the title below to read more.

This post was just  published  on ZYX ShortChange Alert

Prior to the release of the employment data at 8:30, gold futures were down to $1596.  Equivalent in GLD is $154.50.

Employment data was weaker than expected.  This is giving bulls hope for a QE3 and they are running up gold and silver.  We see no merit in bulls argument right here.

Consider continuing to hold GLD.… Please click here or the title below to read more.