October 5, 2012

WEEKLY MARKET DIGEST: GREAT NEWS FOR AMERICAN ECONOMY MAYBE BAD NEWS FOR GOLD, BONDS, AND STOCKS

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

GREAT NEWS FOR AMERICAN ECONOMY MAYBE BAD NEWS FOR GOLD, BONDS, AND STOCKS

October 5, 2012

The just released employment data from the U.S. Department of Labor is great news for the U.S. economy.

Our leading indicator is weekly unemployment claims. We have been telling you for the last several weeks that the data is improving. Weekly unemployment claims that we give a heavy weight to is a leading indicator. The just released employment data is a lagging indicator.… Please click here or the title below to read more.

October 5, 2012

GOLD AND SILVER SEEM TO LOVE MITT ROMNEY BUT WHO KNOWS WHY

During the presidential debate on Wednesday in Denver, every time Gov. Mitt Romney seemed to score a point on President Barack Obama, gold futures ticked higher. At points when Obama seemed to be recovering, gold futures ticked down. As the debate ended and gurus, even on MSNBC, started proclaiming Romney the winner gold futures spiked.

After establishing a quick pattern of a higher high and a lower low, gold futures rocketed around 2:00 AM ET. The buying was very aggressive.

There were three significant news items in the morning: the Bank of England’s rate decision, the European Central Bank’s rate decision, and the Mario Draghi press conference. … Please click here or the title below to read more.

October 5, 2012

ADD TO SLV

This post was just published on ZYX Short Sell Change

Consider adding a 10% tranche to SLV right here around $33.75. Futures EQ is $34.82. Stop zone on this tranche only is $35.27 to $35.63.… Please click here or the title below to read more.

October 5, 2012