Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
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
(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
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.
This post was just published on ZYX Short Sell Change Alert Consider exiting a 15% tranche on SLV right here in the pre-market around $31.38. After this exit only a 10% tranche will be held.
This post was just published on ZYX Buy Change Alert WMT just reported EPS of $1.08 vs consensus of $1.07; revenues of $113.9 billion vs consensus $114.95 billion. For the next quarter WMT projects $1.53 – $1.58 vs consensus of $1.59. For the year, WMT projects $4.88 – $4.93 vs consensus of $4.94. Earnings are a little light and WMT is selling off in the pre-market. As of this writing the stock is trading around $69.25. A dip in WMT is a buying opportunity. Under normal market conditions, we would have recommended initiating a position or adding to a position right here in the pre-market. However, at this time the
This post was just published on ZYX Buy Change Serious gold and silver investors would want to take notice of Core Producer Price Index (PPI) released this morning. The reason Core PPI is considered one of the best indications of future inflation is that when producers are experiencing inflation, it ultimately spills into inflation for consumers. October Core PPI came at -0.2% vs. 0.1% consensus. Last month Core PPI for September came at 0.0% vs. consensus of 0.2%. The point is that two months in a row the most important inflation data is coming lower than expectations. Further, in October, Core