TAKE PROFITS ON GLD
This post was just published on ZYX Buy Change Alert Consider taking profits on gold futures right here at $1616 equivalent on GLD is $156.85. This exits the position.
June 1, 2012
This post was just published on ZYX Buy Change Alert Consider taking profits on gold futures right here at $1616 equivalent on GLD is $156.85. This exits the position.
This post was just published on ZYX Buy Change Alert It appears that several subscribers stepped up and bought GLD around $1575 this morning after reading the morning capsule. Those not long GLD may consider buying a very small position such as a 5% to 10% tranche on any pull back
My long time readers know, our models have consistently called every major twist and turn in gold and silver for the last several years. Our most recent trades in gold have been on the short side. On May 23, 2012, we bought to cover the last of the gold short
Consider taking profits on the remaining short position on GLD right here at $151.49. June futures equivalent is $1559. Congratulations to those who participated in this trade. This trade is now complete with good profits. Risk of holding gold short here is increasing for the reason stated in the last post.
This post was just published on ZYX Short Sell Change Alert Consider taking partial profits in gold right here at $1538 in June futures or $149.51 in GLD. This will leave only 5% of full position size short. What has changed since the last post this morning is the report that
The recent plunge in gold and silver has hurt gold bugs. The bugs have always contended that central banks and governments manipulate prices of gold and silver to support fiat currencies. It never occurred to most gold bugs that they would be hurt by the gold momo crowd. I have
This post was just published on ZYX Short Sell Change Alert. Consider taking partial profits on a 5% tranche on GLD right here in the after market at $149.75. The equivalent in gold futures is $1542.
This post was just published on ZYX Short Sell Change Alert. Gold plunged through support at $1565 on really bad news from Greece. This shows that trading in gold is still in the hands of the momo crowd. Long term investors tend to buy gold on bad news not sell. Clearly
This post was just published on ZYX Short Sell Change Alert. Consider taking partial profits ob a 5% tranche on GLD right here at $154. Consider continuing to maintain the rest of the position short. Our models continue to show that gold may go lower in the medium-term. However in the short-term, gold is very
This post was just published on ZYX Short Sell Change Alert. Gold just broke $1600 support and is now at $1596 as of this writing. Both gold and silver are very oversold in the very short-term. A bounce can happen any time. Next support is $1565 to $1575 on gold,