GOLD FALLS ON FED STATEMENT
This post was recently published on ZYX Short Sell Change Alert. Gold futures fall to $1631 on Fed statement. Silver futures fall to $30.01. Consider staying short on GLD.
April 25, 2012
This post was recently published on ZYX Short Sell Change Alert. Gold futures fall to $1631 on Fed statement. Silver futures fall to $30.01. Consider staying short on GLD.
This post was published earlier on ZYX Short Sell Change Alert Yesterday gold broke a strong support at $1637 to $1641. From a fundamental perspective, it made sense because the auction is Spain had gone well. Gold would have easily fallen to $1600 if it was not for the rumor
Gold and silver are running on rumors of French downgrade.
This post was published earlier on ZYX Short Sell Change Alert. The resent action in gold has established a major support at $1636 to $1641. 20% of the full core position size is being held in GLD. Will gold break the support or bounce from here? The answer depends on
In the wake of a bad employment report, the gold and silver momo crowd has been running up the metals with loud proclamations that QE3 is now certain. A careful study does not support such proclamations. Good Friday was one of those rare days when the U.S. stock market was
After Friday’s poor job number, the momo crowd has been speculating about QE3. The probability of QE3 is very slim. At best there may be an extension of Operation Twist. What to do now? Those short GLD may continue to stay short. Those not short GLD may wait for a better opportunity.
At 11:26 a.m. today, I received an email from a well-known market guru who is an expert at technical analysis. The email declared that the pattern in gold was like a coil ready to start a new rally. At 2:00 p.m. the Federal Reserve Board and the Federal Open Market
My objective in contributing to Trading Deck is singular — to help investors make money. We at The Arora Report are neither a bull nor a bear on any investment. The essence of our methodology is to let the hard data speak for itself. From the comments on my articles
The recent swoon in gold and silver prices has dramatically increased the number of emails I receive from investors trying to figure what to do now. There is no shortage of advice on the Internet. An investor can easily find contradictory advice from gurus. Instead of listening to gurus, astute
Our algorithms show that mom and pop momo crowd who were mainly responsible for the last run up in gold and silver are not selling during this swoon. As we reported this morning, our algorithms show aggressive selling by institutions in Asia. In the U.S. market, selling by Smart Money