The U.S. Department of Labor just reported employment numbers for January. This number is known as ‘œmother of all numbers.’ January nonfarm private payrolls increased by 257,000 vs. 168,000 consensus. There are several components to this number, but our models focus on nonfarm private payrolls. The number was a blowout
We often trade gold ETF GLD and silver ETF SLV. These ETFs are not available in some international markets. However, different gold and silver ETFs are available in most markets. Please consider ETFs that trade in your market with the following two characteristics: the highest volume ETF and the smallest
A new 5% tranche short on GLD right here at $167.82. The plan is to build a new short position in GLD starting with the last entry. The plan is to build the position slowly if gold continues to go up all the way to $1825. Our stop zone will
This is the post on ZYX Short Sell Change Alert yesterday at 12:28: ‘FED EASES, GOOD FOR GOLD AND SILVER’ The language behind Fed’s statement amounts to QE2.5. This is positive for gold and silver. Out of the gold ETF (GLD) trade at $161.
Consider adding a 5% tranche to gold (GLD) right here at $163.42. Those not in the position may start a 5% position here. New subscribers: Please carefully study Trade Management Guidelines before entering this trade on GLD. We will continue to follow this trade on the paid subcription Alert service.
S&P today downgraded France and other European countries. Such a downgrade just before the long weekend should have caused about $70 of up move in gold. GLD and SLV not only did not respond, GLD and SLV are now down. Gold futures GCG2 are now down to $1633 and silver