The Greek election is this Sunday, and no matter what the outcome, the election is negative for gold and silver in the medium-term. I believe this conclusion flies in the face of conventional wisdom. Not many will have the conviction to publish an unpopular view against conventional wisdom right before
This post was just published on ZYX Short Sell Change Alert India is the world’s largest coal importer. Contrary to the rumors being spread by the gold momo crowd data from publicly traded gold instruments in India shows aggressive selling. Anecdotal evidence shows that the demand for the physical gold and
The two most important questions Will you lend to someone who is insolvent and has no plan to get out of insolvency at 1.47% for 10 years when inflation is running at about 3% and prospects of hyper-inflation loom? Will you sell good assets that are likely to protect your
This post was just published on ZYX Buy Change Alert One of our rules is to never to look a gift horse in the mouth. We had $61 gain in gold in less than two hours. Prudence simply called for booking profits. The plan is to buy gold again on pullback.
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