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TAKE PROFITS ON GOLD RIGHT HERE

July 6, 2012

This post was just published on ZYX ShortChange Alert Now there is $3.82 profit in GLD in one day. Gold futures are at support at $1578.5. Light buying is coming here. Most investors may consider booking profits on GLD right here at $153.18. Aggressive investors may consider holding but putting in a tight stop to protect profits. Probability of gold breaking the support here is high, however gold can also experience a short squeeze as the pit trading in Chicago closes at 1:30 PM.

CONTINUE TO HOLD GLD

July 6, 2012

This post was just published on ZYX ShortChange Alert Prior to the release of the employment data at 8:30, gold futures were down to $1596. Equivalent in GLD is $154.50. Employment data was weaker than expected. This is giving bulls hope for a QE3 and they are running up gold and silver. We see no merit in bulls argument right here. Consider continuing to hold GLD.

CHANGE IN BIAS ON GOLD AND SILVER

July 5, 2012

This post was just published on ZYX BuyChange Alert Our very very short term bias on gold and silver has now turned negative within the context of a neutral rating. As a full disclosure, now we are short on GLD for a very, very short-term trade.

MORE ON GLD

July 5, 2012

This post was just published on ZYX ShortChange Alert Stop zone is $159.11 to $159.58. This position is being triggered by the ECB rate decision. This is a very very short term position, the risk of loss is high. This trade is for aggressive investors only. Target zone is $151 to $152.52.

NEW IDEA ON GLD

July 5, 2012

This post was just published on ZYX ShortChange Alert Consider short selling a 20% tranche on GLD right here at $157.

ECB MEETING ON THURSDAY COULD IGNITE GOLD, SILVER

July 3, 2012

A potential game changer for gold, silver, euro, and yen is just ahead. The game changer is the meeting of the European Central Bank (ECB). Traditionally the ECB has towed the line of the Bundesbank inflation hawks. Jean-Claude Trichet, the chief of ECB until 2011, kept monetary policy tight and interest rates high even though Europe was melting down and he had an example across the Atlantic of Chairman Ben Bernanke of the Federal Reserve dramatically easing monetary policy. Mario Draghi, the former governor of the Bank of Italy, followed Trichet as the president of the ECB. Under Draghi, monetary policy has

GOOGLE GIVES IPHONE USERS BROWSER CHOICE FOR PHONE’S FIFTH BIRTHDAY

June 30, 2012

Apple‘s iPhone, the iconic device from that revolutionized smart phones, turned five on Friday, June 29. There has been no other device like iPhone in history. Thousands of developers have written thousands of apps to organize the lives of iPhone users in a manner previously scarcely imaginable. iPhone left its competitors like Research in Motion (RIMM) and Nokia (NOK) in the dust. The mobile platform for Microsoft (MSFT) was not at all competitive. Google (GOOG) came up from nowhere to mount a serious challenge with its Android operating system. There continues to be a bitter rivalry between Apple and Google. The late Steve Jobs accused Google of copying

HOSPITALS ARE BIG WINNERS IN SUPREME OBAMA CARE RULING

June 30, 2012

The Supreme Court ruling on Obama care is certain to produce some winners and losers. Buried in the 196-page opinion of the Supreme Court, there is a surprise. Even though the headlines are that the Supreme Court has upheld Obama care, the Supreme Court has reversed a part of Obama care related to Medicaid expansion. Chief Justice John Roberts, joined by Justice Stephen Breyer and Justice Elena Kagan, concluded in Part IV that the Medicaid expansion violates the Constitution by threatening states with the loss of their existing Medicaid funding if they decline to comply with the expansion. Here is