August 31, 2012

MORE ON SLV AND SLW

This post was just published on ZYX Short Sell Change Alert

The additions to SLV this morning and SLW trade is based on the assumption that the move up after the initial move down is a head fake.  However, please be aware that we may be wrong and if we are wrong these trades will have to be closed at a loss.

Aggressive investors may not yet enter stops but conservative investors may consider stops on SLW in the zone of $34.52 to $35.56.  On SLV in the zone of $30.52 to $31.28.  Equivalent in futures is $31.76 plus.… Please click here or the title below to read more.

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MAJOR MOVE IN GOLD AND SILVER POSSIBLE THIS MORNING

This post was just published on ZYX Buy Change Alert

A major move in gold and silver is possible in the wake of Bernanke speech this morning.  At this time only Bernanke knows what he is going to say, everyone else is just speculating.

Depending upon what he says, there is potential of about $60 up move in gold and $125 down move in gold.

The much-anticipated Bernanke speech starts at 10:00 am ET at Jackson Hole.  Headlines may start leaking out around 9:00 am ET.  Will Bernanke announce QE3?  If yes, what will be the size of QE3?  Will Bernanke not announce QE3 but give a strong indication that in the September meeting the Fed will announce QE3?… Please click here or the title below to read more.

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