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GOLD BREAKS WITH THE DOLLAR $SLV $GLD

December 4, 2012

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 expected, no Smart Money selling is being seen as Smart Money typically does not sell in this range but sells only when gold goes higher. However, the momo crowd is usually a strong buyer in this range. Interestingly not much buying from the momo crowd is being seen this morning

TRIP TO ASIA SHOWS HOW APPLE’S VAUNTED ECOSYSTEM DOESN’T SAVE IT FROM COMPETITION

December 3, 2012

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 ecosystem, the user is not likely to switch to competing products, or so goes the widely-held thesis. It makes all the sense in the world. It is certainly a lot easier if one is using an iPhone, an iPad and a MacBook Air laptop. Until recently I also subscribed

TAKE PARTIAL PROFITS ON THC $THC

December 3, 2012

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 $29.18. After this profit taking 60% of the full core position size is being held.

WEEKLY MARKET DIGEST: HOLIDAY RETAIL SALES GET OFF TO A GOOD START

December 2, 2012

(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 the fiscal cliff and the market to move down strongly is there is pessimism. There may be trading opportunities from Obama’s statement. Please stay alert. Gold futures are at $1725, silver futures are at $34.12, and oil futures are $89.72. S&P 500 resistance levels are 1424, 1439, and 1444; support levels are 1415, 1410,

UPDATE ON HERO $HERO

November 29, 2012

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.

THE MOMO CROWD EXPLAINS THE DROP IN GOLD $GLD $SLV

November 28, 2012

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 GETTING HAMMERED $GLD $SLV

November 28, 2012

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

ADDING TO SILVER $SLV

November 26, 2012

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.