According to the data from the National Bureau of Statistics in China, inflation has slowed dramatically. Stay short on GLD and HL. Those not in these positions should stay tuned to the Real Time Feed for potential entry signals.
One of my bedrock principles is to leave my opinions at the door and let the data speak for itself. There is widespread belief among American investors and a large number of proclamations that the Chinese and Indians are not selling gold and silver into the swoon. Hard data from
The number-one problem for gold and silver investors is that the world does not end very often. You must understand that unlike stocks, bonds and forex markets, gold and silver markets are not very deep. In plain English, this means that typically at any one time there are not enough
Consider taking partial profits on a 5% tranche right here at $162.24. This will leave 20% of full core position size as short.
The China super cycle is over. China will still grow at a heady pace, but I believe the torrid growth rates of 10% plus are a thing of the past. In my article, Generate wealth in 2012 and beyond , I described that the last big-picture macro cycle was ending.
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.