CONSIDER TAKING PARTIAL PROFITS ON GLD
Consider taking profits on the last 5% tranche (from 2/29/12 at $173.38) right here at $166.28. Consider maintaining the remaining short position.
March 2, 2012
Consider taking profits on the last 5% tranche (from 2/29/12 at $173.38) right here at $166.28. Consider maintaining the remaining short position.
First a clarification, the gold position taken this morning is a short position. In other words, the objective is to benefit from gold going down. Those interested in gold and silver may benefit from reading our morning post from today. Subscribers to ZYX Buy Change Alert and ZYX Short Sell
Consider taking profits on GLD tranche from yesterday right here at $166.22. Still maintaining 25% of the full core position size as a short. In view of the fact that momo crowd sold gold on hard data showing that inflation is heating up, trading gold and silver have become treacherous.
Taking profits on 10% tranche on GLD right here at $166.95. This action is in response to CME reducing margin requirements on gold futures. This means that the momo crowd is going to be able to borrow more money to buy more gold.
Yesterday a 5% GLD tranche was sold short at $170.05. Consider taking profit on this tranche before the market close today in the zone of $165 to $167. The reason the zone is so wide is because there is no way to predict what GLD will do going into
As we have been describing, gold and silver lately have run up on good news and run down on bad news. This morning gold ran up on the good news that Greek agreement had been reached. When the news crossed the wires that Troika had concerns about the agreement, which
Gold (GLD) is running up on the good news that Greek deal is done. Adding a 5% tranche to GLD at $170.05.
Consider another add to GLD right here at $169.85. Those not in GLD may initiate a very small position here. Significantly more information is provided in Real Time to paying subscribers of The Arora Report.