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.
This post was just published on ZYX Buy Change Alert. SYMBOL SMART MONEY BUYING IN MILLIONS OF $ SMART MONEY SELLING IN MILLIONS OF $ GLD 0 0 SLV 20.72 ABX 5.21 NEM 37.20 GDX 0 0 GDXJ 0 0 GG 0.62 SLW 0 0 PAAS 0.30 CDE
This post was just published on ZYX Buy Change Alert. After Mario Monti, the Italian Prime Minister decided to resign, Smart Money has been steadily buying gold and silver. The buying appears to be short covering. In other words, Smart Money is taking profits on the shorts put on near
The momentum crowd has been running up gold and silver based on superficial beliefs about QE3. This group of investors is not known for deep study or paying heed to rigorous analysis. Now a major player in the metals business is sending a signal loud and clear that gold and silver
This post was just published on ZYX Buy Change The real reason behind the gold, silver, and miner up move today is a rumor that the Bank of Japan will announce $120 billion QE tonight. The Japanese yen has also weakened against the dollar because of the rumor. We have not been able to confirm
The Federal Reserve provides a gold mine of both medium-term investment opportunities and short-term trading opportunities. The Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings every year. One of those is being held this week, with a rate decision set to be announced at 2:15 p.m. Eastern on