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.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) INFLATION DATA IN LINE December 14, 2013 Core Consumer Price Index (CPI) came at 0.1% vs consensus of 0.1%. CPI including food and energy fell 0.3%. Low
This post was just published on ZYX Buy Change Alert. After Mario Monti, the Italian Prime Minister decided to resign, Smart Money has been steadily buying gold and silver. The buying appears to be short covering. In other words, Smart Money is taking profits on the shorts put on near