September 13, 2012

GOLD AND SILVER POST QE3

This post was just published on ZYX Buy Change Alert

On the QE3 news, gold, silver, and miners rocketed up. Now that we have had time to carefully study the QE3 program it is absolutely clear that the momo crowd misunderstood the QE3 program. Momo crowd’s arguments are simple; the Fed is printing more money, it will cause inflation, dollar will become worthless, the only way to protect is to buy gold and silver.

A careful study of the QE3 program shows that the momo crowd is wrong. QE3 will strengthen the dollar, and probability of it causing inflation is very low.… Please click here or the title below to read more.

September 13, 2012

ADD TO SPY

This post was just published on ZYX Short Sell Change Alert

Consider adding a 10% tranche to SPY in the zone of $146.60 to $147.25. No stop for the time being.… Please click here or the title below to read more.

September 13, 2012

ADDING TO SLV

This post was just published on ZYX Short Sell Change Alert

Consider adding a 5% tranche to SLV right here around $33.70. Stop at $34.32.

Future EQ $34.80.

The following post was also just published on ZYX Short Sell Change Alert

Consider adding a 5% tranche to SLV around $33.62. Future EQ is $34.68. Stop in the zone of $34.27 to $34.42 on SLV.… Please click here or the title below to read more.

September 13, 2012

PARTIAL EXIT ON SILVER (SLV)

This post was just published on ZYX Short Sell Change Alert

Consider exiting a 15% tranche in SLV in the zone of $31.75 to $32.15. As of this writing SLV is at $32.12. Futures EQ is $33.14. After this fill 55% of full core position size will be held.

The purpose of this exit is to reduce risk before the Fed statement.

The Federal Reserve will announce its policy statement at 12:30 ET. The Fed will release its forecast at 2:00pm ET and Bernanke will give his press conference at 2:15 ET. Please stay alert for more transactions on silver and gold as more is known about the Fed’s actions this afternoon.… Please click here or the title below to read more.

September 13, 2012