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GOLD AND SILVER: SMART MONEY BUYING ON KILLING OF AMERICAN AMBASSADOR

September 12, 2012

This post was just published on ZYX Buy Change Alert As the first rumor of killing of American ambassador to Libya surfaced, Smart Money buying of gold and silver started in earnest. So far the buying has ranged from mild to heavy. Buying in silver by Smart Money is short covering; the data on gold is mixed. As details of Obama’s call with Netanyahu regarding Iran started leaking out, it contributed to buying. Oil is also moving up as expected. German court giving greenlight to ESM was expected and theoretically should already be discounted in gold and silver prices. Momentum in

DANGEROUS APPLE CHART PATTERN INTO IPHONE 5 LAUNCH

September 11, 2012

Apple AAPL will launch iPhone 5 on September 12, 2012. It is widely expected that this will be the biggest consumer product launch ever. Leading into iPhone 5 launch, Apple chart has traced a dangerous pattern. Monday’s bar on Apple chart is known as “outside day.” An outside day is characterized by a high higher than that of the previous day and the low lower than that of the previous day. An outside day is considered especially ominous if the close is near the day’s low and the outside day happens after a sustained bull run. This is exactly the pattern

WEEKLY MARKET DIGEST: GOLD SPIKES ON WEAK EMPLOYMENT DATA

September 7, 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.) GOLD SPIKES ON WEAK EMPLOYMENT DATA September 7, 2012 Non-farm Private Payrolls came at 103k vs. consensus of 144k. Gold and silver are spiking on the assumption that because of weak employment data the Fed in December 12, 2012 meeting will announce QE3. Gold futures are at $1725, silver futures are at $33.13, and oil futures are $96.49. S&P 500 resistance levels are 1337, 1444, and 1450; support levels are 1424, 1415, and 1410. DJIA futures are up 34 points.

SMART MONEY IN GOLD, SILVER, AND MINER

September 7, 2012

This post was just published on ZYX Buy Change Alert SYMBOL SMART MONEY BUYING IN MILLIONS OF $ SMART MONEY SELLING IN MILLIONS OF $ GLD 1.2 SLV 56.7 ABX 8.21 NEM 0.12 GDX 1.06 GDXJ 5.68 GG 13.16 SLW 2.81 PAAS 6.44 CDE 7.89 Smart Money in our parlance is the ultra sophisticated money that knows more, that knows early, that has tremendous amount of analysis powers, and that has extensive resources. The data is for the day. We monitor gold and silver trading data from a variety of instruments and sources from across the globe. The above table is

AN OPPORTUNITY TO BUY PHYSICAL GOLD

September 7, 2012

This post was just published on ZYX Buy Change Alert Today there is an opportunity to buy physical gold in a convenient manner for those who feel a compulsion to buy gold. The opportunity arises from secondary of PHYS or Sprott Physical Gold Trust. Secondary this morning was priced by RBC Capital at $14.90 for 16 million shares. The ETF traded as low as $14.64 in the pre-market. Readers may readily notice that gold is up strongly today but PHYS is down. Typically PHYS trades at a premium of its gold holdings. The reason for the premium is that PHYS holds physical gold bullion that