Traditionally gold has exhibited an inverse relationship with the U.S. dollar. In other words, if the dollar goes higher, gold goes lower and vise versa. Today gold and silver are breaking the inverse relationship with the dollar. The dollar is lower and gold has fallen to support at $1700. As
The conventional wisdom has been that Apple’s vaunted ecosystem will protect it against the competition. The conventional wisdom is a myth. The ecosystem that surrounds iPhones, iPads, and Macs consists of iTunes, high quality facilities for external developers, thousands of well-developed apps, Siri and iCloud. Once a user gets locked into
This post was just published on ZYX Buy Change Alert. THC is being held with an average price of $20.40. 70% of the full core position size is being held. As of this writing the stock is trading at $29.18. Consider taking profits on a 10% tranche right here around
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) PRESIDENT OBAMA TO SPEAK November 30, 2012 President Obama is scheduled to speak later today. Expect the stock market to move up if there is optimism about
This post was just published on ZYX Buy Change Alert. HERO is an offshore drilling firm. The stock is rising about 7% in the pre-market after the company provided an update on its fleet status. As of this writing, the stock is trading at $5.05. Our target remains $8.00 to $10.00.
This post was just published on ZYX Buy Change Alert. In the momo crowd circles, the explanation being advanced for today’s drop in gold is that it is an erroneous trade that has caused the drop. So far we have seen no evidence of an erroneous trade and the probability is
Gold is getting hammered this morning. No obvious news. There is no corresponding move in currencies. Our algorithms show that yesterday afternoon Smart Money stepped in with selling to meet heavy buying by the momo crowd. This morning the momo crowd has continued to aggressively buy. Momo crowd’s aggressive buying is
This post was just published on ZYX Short Sell Change Alert Consider adding a 10% tranche in SLV in the zone of $32.88 to $33.10. Futures equivalent is $33.90 to $34.15. No stop for the time being as we are trying to build the position again.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) MIDDLE EAST ON THE VERGE OF A CEASE FIRE November 21, 2012 Violence in Gaza and Israel escalates as both parties are reportedly on the verge of a cease-fire. Historically an