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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.

WEEKLY MARKET DIGEST: HOUSING STARTS RISE TO A FOUR YEAR HIGH

November 24, 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.) 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

HAPPY THANKSGIVING

November 21, 2012

Happy Thanksgiving from The Arora Report

INDIA BANS LENDING AGAINST GOLD $SLV $GLD

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 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.”

GOLD RISES ON POTENTIAL REMOVAL OF UNCERTAINTY $GLD $SLV $SPY $USO $DIA

November 19, 2012

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

WEEKLY MARKET DIGEST: UGLY EMPLOYMENT DATA PROVIDES AMMUNITION FOR OBAMA EMPLOYMENT CONSPIRACY THEORIES

November 18, 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.) 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 automatic major spending cuts including major cuts in defense. There are reports that the White House is discussing plans to push most of the deficit reduction into 2013 and replace the planned large automatic spending cuts only with small cuts now. There is a strong possibility that Republicans may go

TAKE PROFITS AND EXIT SPY $SPY

November 16, 2012

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.