Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
These updated gold charts were recently published on ZYX Buy Change Alert. The updated chart shows our analysis of the long-term gold picture. Click here to see the updated long-term chart. The medium-term chart shows that the major support at $132 in GLD was temporarily broken. Click here to see the updated medium-term chart.
Recent world events tell us that gold and silver have lower to go. The events on which gold and silver should have gone higher, precious metals staged only weak bounces. The events on which precious metals should have shown slight weakness, gold and silver fell out of bed. First let’s examine the events where gold and silver should have gone up. The founding principle of the euro zone was that it would have a common currency. But now a euro owned by a German is not the same euro when owned by a resident of Cyprus. When faced with mounting opposition,
This post was just published on ZYX Short Change Alert. Sprint has an existing deal to be acquired by SoftBank of Japan. SoftBank offered a very attractive deal for Sprint similar to what many investors are clamoring for Dell. Under the deal, SoftBank is to acquire a 70% stake in Sprint and the remaining will be publically traded. Investors like this structure because they are able to cash out a large portion of their holdings but at the same time are able to participate in future growth. This morning, Dish Network started a Battle Royale for Sprint. Dish is offering $7
The plunge in gold and silver and massive outflows from popular ETFs like the SPDR Gold Trust, the iShares Silver Trust, as well as popular miner ETFs like the Market Vectors Gold Miners and Market Vectors Junior Gold Miners ETF have investors clamoring for the answer to a simple question, “How low can gold and silver go?” There are four ways to look at it. Traditional technical analysis The weekly chart shows Fibonacci retracements as well as support levels. Please click here for an updated annotated weekly chart. Based on traditional technical analysis, the target zone is $1250 to $1425.
The set-up for gold and silver to be slaughtered was perfect yesterday. There have been considerable outflows from popular ETFs like SPDR Gold Shares (GLD), iShares Silver Trust (SLV), Market Vectors Gold Miners (GDX), and Market Vectors Junior Gold Miners GDXJ. The selling today was quite different from the typical patterns over the last two years. A vast majority of the time over the last two years, aggressive selling did not original from Asia or Europe but from North America. Today has been very different in that the selling originated early on in Europe. This selling may have something to do with Cyprus’
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) FOR A CHANGE GOLD FALLS IN EUROPEAN TRADING April 12, 2013 For the last two years, vast majority of big moves in gold have been the result of the battle between the momo crowd and Smart Money in North America. So far today has been different. There is aggressive selling coming from Europe. The selling may have something to do with Cyprus’ decision to sell excess gold reserves. Core Producer Price Index (PPI) was a little
This post was just published on ZYX Short Change Alert. Consider adding another 10% tranche to SBGI in the zone of $27.60 -29.10. CAUTION: NEW SUBSCRIBERS, PLEASE CAREFULLY STUDY ZYX TRADE MANAGEMENT GUIDELINES, PRIOR POST AND DO NOT CONSIDER EXCEEDING THE QUANTITY DUE TO HIGH RISK INVOLVED. The plan is to take advantage of the short squeeze and slowly build a position if the stock goes higher. The whole point of short selling is to sell high and book profits when the stock falls.
This post was just published on ZYX Short Change Alert. SBGI is an owner of TV and radio stations. The stock is running after it bought Fisher Communications. The upside is overdone. Consider initiating a 10% tranche right here around $26.45 to $26.75. No stop for the time being as the process of accumulation is just starting. Caution: THIS IS ONLY FOR THOSE INVESTORS WHO ARE EXPERIENCED IN HANDLING SHORT SQUEEZES. The target zone is $21 to $22.