This post was just published on ZYX Buy Change Alert. February Retail Sales ex-auto were 1.0% vs. consensus of 0.5%. In our models we exclude autos because autos are very volatile and distort the results. This is indeed good news and proves the skeptics on the American consumer wrong. Due to
On Wednesday, I received numerous emails from investors who are mostly in cash wanting to know what to do now. It appears that the floodgates for such emails opened when the Dow Jones Industrial Average hit a new high. A typical email also contains links to contradictory pronouncements from gurus,
The Federal Open Market Committee (FOMC) meeting minutes from January 29 -30 were released yesterday afternoon. Within the Federal Reserve System, the FOMC is responsible for making key decisions about money supply and interest rates. One paragraph in the minutes spooked gold and silver bulls, as well as stock and
We have received a flood of emails asking the same question, “Why are gold and silver falling?” The answer lies in our prior posts. Here are the links: MOSCOW COMMUNIQUE LEADS TO GOLD AND SILVER FALLING OUT OF BED GOLD IS AT A CRITICAL JUNCTURE GOLD AND SILVER DOWNGRADE IN
There is much debate about the effect of currency wars on gold and its future direction. Currently, the fundamentals of gold are muddled. On the one hand, central banks continue to print lots of money, and some believe currency wars are imminent. On the other hand, inflation is stable, and
This post was published on ZYX Buy Change Alert. We are downgrading gold and silver in the very, very short-term and the short-term. Here are our current ratings on gold and silver. Neutral with negative bias in the very, very short-term. Neutral with negative bias in the short-term. Negative in the
This post was just published on ZYX Buy Change Alert. U. S. dollar is slumping and gold is flying high in the wake of ECB President Mario Draghi’s press conference. Earlier today both ECB and the Bank of England left rates unchanged. The key take is that ECB balance sheet continues to shrink
This post was just published on ZYX Short Sell Change Alert. The bottom fell out of gold right after our downgrade yesterday. This morning when gold hit $1630 the momo crowd started buying aggressively. The chart illustrates the point. Our downgrade from yesterday stays in effect.
Our prediction that the fiscal cliff would be resolved has turned out to be partially right. It is important not to get carried away with optimism because only one part of the three-part puzzle has been addressed. The three parts are: taxes, spending and the debt ceiling. The fiscal-cliff deal
A few minutes ago news wires carried the information that Obama will speak at 1:30 pm ET. The momo crowd immediately aggressively started buying gold and silver. They ran up gold as much as $18 at its peak. The speculation is that Obama will announce significant progress on fiscal cliff.