This article includes stock on gold (GLD), silver (SLV), Coeur d’ Alene Mines (CDE), (GLL), and (IAU).
My long time readers are well familiar with the accuracy of my calls on gold and silver. These calls are well documented here.
As a background for the new readers, I am neither a bull nor a bear on gold and silver. My interest lies in making money both on the upside and the downside.
New readers can gain background on my ZYX Change Method by reading my prior articles on Seeking Alpha listed below:
- Silver Demand Theory Debunked
- Debt Ceiling Agreement: Short Selling Silver Again
- Gold: What To Do Now
- Gold And Silver: What To Do Now Redux
- Gold And Silver: A Simple Tool All Investors Should Use
The chart shows that I recommended putting 20% of assets in silver when silver was at $17.73 and then took profits right at the top before a big fall.
The next chart shows my recommendation to short sell silver right at the top. Most importantly when silver was hitting $50.00, I provided a target of $34.00 in a very short time.
The next chart shows a perfect call on taking profits on gold at the very top.
In my recent article titled Draghi Changes The Game For Stocks, Gold, Silver And Oil, I stated:
Considering that eurozone is a major part of the world economy, Super Mario has changed the game for stocks, gold, silver, oil and currencies ‘¦ After plugging in the rate cut, we are no longer inclined to short sell …Read more..