This post was just published on ZYX Buy Change As we wrote in the morning capsule, the traditional beginning of the quarter new money is pouring in stocks, gold and silver, oil, and bonds. However the trigger for the sharp move in gold and silver was comments by Charlie Evans. Evans
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) WINDOW DRESSING MOVES STOCKS AND GOLD UP September 28, 2012 Yesterday’s move in stocks and gold was mostly related to window dressing. Window dressing involves portfolio
This post was just published on ZYX Short Sell Change Gold is down $17 in spite of fresh data from the International Monetary Fund (IMF) that Kazakhstan, Turkey, South Korea, and Russia have recently been buying gold. Today several analysts are out thumping their chests to buy gold because of
This post was just published on ZYX Buy Change This morning the momo crowd was aggressively buying gold and only lightly buying silver. Both metals were pushed up. As the rumors of riots in Spain started spreading, momo crowd started selling gold and silver. Only very light selling was seen
This post was just published on ZYX Buy Change SYMBOL SMART MONEY BUYING IN MILLIONS OF $ SMART MONEY SELLING IN MILLIONS OF $ GLD 2.06 SLV 21.32 ABX 2.35 NEM 0.26 GDX 1.03 GDXJ 0.18 GG 2.71 SLW 1.24 PAAS 1.04 CDE 0.21 Smart Money in our parlance is
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) S&P 500 RE-BALANCING ON TOP OF QUADRUPLE WITCHING September 21, 2012 In addition to quadruple witching, today is also the day of S&P re-balancing. In quadruple
This post was just published on ZYX Buy Change This morning gold and silver ran up strongly then made a round trip by pulling back to where they started from. Gold and silver options expire on Tuesday. Option expiration appears to be on the upside. The up move was related to
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) CONSUMER PRICES WELL BEHAVED September 14, 2012 Core CPI came at 0.1% compared to consensus of 0.2%. Of course some people do not believe government statistics on inflation,
This post was just published on ZYX Buy Change Alert On the QE3 news, gold, silver, and miners rocketed up. Now that we have had time to carefully study the QE3 program it is absolutely clear that the momo crowd misunderstood the QE3 program. Momo crowd’s arguments are simple; the Fed
This post was just published on ZYX Short Sell Change Alert Consider exiting a 15% tranche in SLV in the zone of $31.75 to $32.15. As of this writing SLV is at $32.12. Futures EQ is $33.14. After this fill 55% of full core position size will be held. The purpose