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,
This post was recently published on ZYX Short Sell Change Alert. Taking partial profits on gold (GLD) right here at $158.58.
This post was recently published on ZYX Short Sell Change Alert. Adding a 5% tranche to the short position on GLD right here at $161.40.
This post was recently published on ZYX Short Sell Change Alert. After the Fed statement that gives no hint of QE3, gold and silver fell to their first support levels. When gold did not break $1625, and silver did not break $30. a massive short squeeze ensued. It is difficult to
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.