This morning we alerted you GOLD BREAKS MOMO CROWD’S LINE IN THE SAND when gold was much higher. The momo crowd tried by aggressive buying to hold the line at $1683, but to no avail. The momo crowd has long held that $1672 was the firewall just in case the line
This post was just published on ZYX Short Sell Change Alert. For details please see the prior post GOLD BREAKS MOMO CROWD’S LINE IN THE SAND.
There is a new prediction from the indicator that called the Apple top at $705. The indicator is our proprietary indicator dubbed the Hate-Mail Indicator. As the chart shows, the Hate-Mail Indicator for Apple peaked when Apple was at $705. The peak was right after my cautionary column on Apple
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
Traditionally gold has exhibited an inverse relationship with the U.S. dollar. In other words, if the dollar goes higher, gold goes lower and vise versa. Today gold and silver are breaking the inverse relationship with the dollar. The dollar is lower and gold has fallen to support at $1700. As
This post was just published on ZYX Buy Change Alert. In the momo crowd circles, the explanation being advanced for today’s drop in gold is that it is an erroneous trade that has caused the drop. So far we have seen no evidence of an erroneous trade and the probability is
Gold is getting hammered this morning. No obvious news. There is no corresponding move in currencies. Our algorithms show that yesterday afternoon Smart Money stepped in with selling to meet heavy buying by the momo crowd. This morning the momo crowd has continued to aggressively buy. Momo crowd’s aggressive buying is
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
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