OBAMA CUTS HIS VACATION SHORT, GOLD MOMO CROWD STARTS BUYING AGGRESSIVELY ON THE NEWS $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(This post was published this morning on ZYX Buy Change Alert.)
Obama has cut his vacation to Hawaii short and is reportedly on his way to Washington. The stock market is encouraged.
Gold and silver momo crowd started buying aggressively on the news. This is consistent with gold and silver momo crowd’s pattern of buying on potential good news; this is against the traditional behavior of astute investors who buy gold on bad news as a hedge.
No matter what the ultimate resolution of the fiscal cliff is, it will mean less growth in budget deficit and consequently less money printing than expected. … Please click here or the title below to read more.
December 26, 2012