GOLD, SILVER, AND MINERS RIPPING ON SPIEGEL ARTICLE
This post was just published on ZYX Buy Change Alert
Last night, we informed subscribers of ZYX Global Multi Asset Allocation Alert of the Spiegel article and its significance for various asset classes including gold and silver. ZYX Global Multi Asset Allocation Alert primarily focuses on the long-term. This is where long-term calls on gold and silver are made.
For the very, very short-term, our rating on gold, silver, and miners is now neutral with positive bias; however for the short-term, our rating is neutral with a negative bias.
It is a matter of time frame as explained below.
Spiegel, the German magazine, reports that the ECB is considering pledging unlimited bond purchases to limit the maximum yields on sovereign debt.… Please click here or the title below to read more.