September 7, 2012

WEEKLY MARKET DIGEST: GOLD SPIKES ON WEAK EMPLOYMENT DATA

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

GOLD SPIKES ON WEAK EMPLOYMENT DATA

September 7, 2012

Non-farm Private Payrolls came at 103k vs. consensus of 144k.

Gold and silver are spiking on the assumption that because of weak employment data the Fed in December 12, 2012 meeting will announce QE3.

Gold futures are at $1725, silver futures are at $33.13, and oil futures are $96.49.

S&P 500 resistance levels are 1337, 1444, and 1450; support levels are 1424, 1415, and 1410.

DJIA futures are up 34 points.… Please click here or the title below to read more.

September 7, 2012

SMART MONEY IN GOLD, SILVER, AND MINER

This post was just published on ZYX Buy Change Alert

SYMBOL	SMART MONEY BUYING IN MILLIONS OF $	SMART MONEY SELLING IN MILLIONS OF $
GLD		1.2
SLV		56.7
ABX		8.21
NEM	0.12
GDX	1.06
GDXJ	5.68
GG		13.16
SLW	2.81
PAAS	6.44
CDE		7.89

Smart Money in our parlance is the ultra sophisticated money that knows more, that knows early, that has tremendous amount of analysis powers, and that has extensive resources.

The data is for the day.

We monitor gold and silver trading data from a variety of instruments and sources from across the globe. The above table is only a small representation.… Please click here or the title below to read more.

September 7, 2012

AN OPPORTUNITY TO BUY PHYSICAL GOLD

This post was just published on ZYX Buy Change Alert

Today there is an opportunity to buy physical gold in a convenient manner for those who feel a compulsion to buy gold. The opportunity arises from secondary of PHYS or Sprott Physical Gold Trust. Secondary this morning was priced by RBC Capital at $14.90 for 16 million shares. The ETF traded as low as $14.64 in the pre-market. Readers may readily notice that gold is up strongly today but PHYS is down.

Typically PHYS trades at a premium of its gold holdings. The reason for the premium is that PHYS holds physical gold bullion that is fully allocated and segregated in a secure LBMA approved third-party storage facility in Canada. … Please click here or the title below to read more.

September 7, 2012