November 21, 2012
The Reserve Bank of India (RBI) has banned banks from lending against gold. “…it is advised that no advances should be granted by banks for purchase of gold in any form, including primary gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds (ETF) and units of
On the weekend President Obama made optimistic remarks in Bangkok about resolving the fiscal cliffs. If Obama is right, it will remove a major uncertainty from the world markets. The momo crowd has seized on the potential removal of uncertainty and has been aggressively buying gold since Obama’s remarks. Traditionally
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) WHITE HOUSE ATTEMPTING TO REPLACE SEQUESTER November 16, 2012 One part of the fiscal cliff is a sequester agreed by the congress. In its sequester, there will be
This post was just published on ZYX Short Sell Change Alert Consider taking profits on the entire SPY position and exiting the trade in the zone of $135 to $136.15. As of this writing SPY is trading at $136.05.
This post was just published on ZYX Short Sell Change Alert Consider exiting a 15% tranche on SLV right here in the pre-market around $31.38. After this exit only a 10% tranche will be held.
This post was just published on ZYX Buy Change Alert WMT just reported EPS of $1.08 vs consensus of $1.07; revenues of $113.9 billion vs consensus $114.95 billion. For the next quarter WMT projects $1.53 – $1.58 vs consensus of $1.59. For the year, WMT projects $4.88 – $4.93 vs consensus of $4.94. Earnings are a
This post was just published on ZYX Buy Change Serious gold and silver investors would want to take notice of Core Producer Price Index (PPI) released this morning. The reason Core PPI is considered one of the best indications of future inflation is that when producers are experiencing inflation, it ultimately
This post was just published on ZYX Buy Change Steven Sinofsky, President of Windows and Windows Live at Microsoft, has left the company. The stock is down on the news. This is a buying opportunity. It appears that the departure was not due to any issues with Windows 8 or the Surface
This post was just published on ZYX Buy Change Consider exiting the entire ETF position. The companies fundamentals continue to be very positive. ETP is perhaps the best buy in the natural gas midstream and pipeline group. The issue is the upcoming fiscal cliff. One possible resolution of fiscal cliff may