NEW TRADE ON GOLD (GLD)
Took a short position on gold (GLD) at $158.19. Please see ZYX Short Sell Change Alert for follow up on this position in Real Time.
January 6, 2012
Took a short position on gold (GLD) at $158.19. Please see ZYX Short Sell Change Alert for follow up on this position in Real Time.
The key to generating wealth over a long period of time is to identify when one macro cycle ends and a new macro cycle begins. In economics, a macro cycle is defined as a cycle of big picture economic performance, structure, and behavior. No bell is rung at the end
Kim Jong-Il, the dictator of North Korea has died. North Korea is the most militarized nation in the world with nukes. North Korean troops are staring American soldiers from a few hundred feet. This event may have major implications, especially for gold and silver. Technically, North Korea is still at
 This article contains the following tickers: GLD, SLV, ZSL, GDX, GDXJ, AG, CDE, HL, SSRI, PAAS, ABX, NEM, AEM, SLW, and GG I have a long proven track record of calling twists and turns of the gold and silver markets correctly. Some of the credit goes to the adaptive
ETFs mentioned in this article include GLD, IAU, SLV, DGP, UGL, and AGQ. Gold fell $54 Thursday. Most gurus were expecting gold to go up due to increasing instability in Europe. Spain conducted a dreadful bond auction, in which it was forced to pay 6.975%, just shy of the 7%
This article includes stock on gold (GLD), silver (SLV), Coeur d’ Alene Mines (CDE), (GLL), and (IAU). My long time readers are well familiar with the accuracy of my calls on gold and silver. These calls are well documented here. As a background for the new readers, I
It turns out that Mario Draghi is Super Mario. Mario Draghi is an ex-central bank governor of Italy who just took over from Jean-Claude Trichet the presidency of the European Central Bank (ECB). In a surprise bold move, Draghi announced that the ECB is lowering its main rate from 1.5%
Congratulations to those who participated in the (GLD) trade. This is now time to take profits on the final tranche and exit the trade. We are exiting the trade at $163.76. Although we have been taking profits along the way, it is worth noting that our highest short
Changed GLD limit order to $172.98 and now have exited a 5% tranche with profit.