Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
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. What To Do Now? Those in the position may continue to hold. Those not in the position may wait for a signal on the Real Time Feed to initiate a position.
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 very high that the momo crowd’s exertion is without merit.
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 being met with aggressive selling by the Smart Money. As we have been telling you for the last several months, there is a consistent pattern in gold trading. Smart Money consistently generates huge profits by short selling gold and silver every time the ill-informed momo crowd runs it up. After
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 escalation in fighting happens just before a cease-fire. The reason is that both parties want the most advantageous position at the time of cease-fire. The oil markets are presuming no escalation beyond Gaza and Israel. However, gold and silver momo crowd is predicting an all out war. The momo crowd is not to be trusted as their analysis has
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 gold mutual funds,” RBI said. RBI further ordered, “No advances should be granted by banks against gold bullion to dealers or traders in gold if, in their assessment, such advances are likely to be utilised for purposes of financing gold purchase at auctions or speculative holding of stocks and bullion.”
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 gold and silver have been a hedge against uncertainty. If gold was following its traditional pattern established over hundreds of years, it would have gone down on potential removal of uncertainty. However, lately gold and silver have been under the control of the momo crowd which behaves contrary to the