This post was just published on ZYX Buy Change Alert. U. S. dollar is slumping and gold is flying high in the wake of ECB President Mario Draghi’s press conference. Earlier today both ECB and the Bank of England left rates unchanged. The key take is that ECB balance sheet continues to shrink
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) BETTER THAN EXPECTED ECONOMIC DATA CONTINUES TO POUR January 4, 2013 Monthly employment from Bureau of Labor Statistics are popularly known as the mother of all
This post was just published on ZYX Short Sell Change Alert. The bottom fell out of gold right after our downgrade yesterday. This morning when gold hit $1630 the momo crowd started buying aggressively. The chart illustrates the point. Our downgrade from yesterday stays in effect.
A few minutes ago news wires carried the information that Obama will speak at 1:30 pm ET. The momo crowd immediately aggressively started buying gold and silver. They ran up gold as much as $18 at its peak. The speculation is that Obama will announce significant progress on fiscal cliff.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) THE DISUNITED STATES OF AMERICA December 28, 2012 The dysfunction in Washington is in full display. A few days ago we told you that market observers were expecting
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) MARKET FALLS ON FISCAL CLIFF FEARS AFTER BOEHNER PLAN FAILS December 21, 2012 Boehner abandoned his ‘Plan B’ apparently after facing a rebellion. The concern among market
This post was just published on ZYX Buy Change Alert Yesterday evening after the fiscal cliff talks broke down, the momo crowd successfully ran up gold to over $1671 but could not overcome the micro resistance at $1672. Gold fell back under $1669 and the momo crowd tried to run it
This post was just published on ZYX Buy Change Alert. SYMBOL SMART MONEY BUYING IN MILLIONS OF $ SMART MONEY SELLING IN MILLIONS OF $ GLD 0 0 SLV 20.72 ABX 5.21 NEM 37.20 GDX 0 0 GDXJ 0 0 GG 0.62 SLW 0 0 PAAS 0.30 CDE
This morning we alerted you GOLD BREAKS MOMO CROWD’S LINE IN THE SAND when gold was much higher. The momo crowd tried by aggressive buying to hold the line at $1683, but to no avail. The momo crowd has long held that $1672 was the firewall just in case the line
This post was just published on ZYX Short Sell Change Alert. For details please see the prior post GOLD BREAKS MOMO CROWD’S LINE IN THE SAND.