This post was just published on ZYX Short Sell Change Alert. Gold plunged through support at $1565 on really bad news from Greece. This shows that trading in gold is still in the hands of the momo crowd. Long term investors tend to buy gold on bad news not sell. Clearly
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) AMERICA’S GOLDEN BOY STUMBLES May 11, 2012 The CEO of JP Morgan, Jamie Dimon, has long been known not only as America’s golden boy, but also
This post was just published on ZYX Short Sell Change Alert. Consider taking partial profits ob a 5% tranche on GLD right here at $154. Consider continuing to maintain the rest of the position short. Our models continue to show that gold may go lower in the medium-term. However in the short-term, gold is very
This post was just published on ZYX Short Sell Change Alert. Gold just broke $1600 support and is now at $1596 as of this writing. Both gold and silver are very oversold in the very short-term. A bounce can happen any time. Next support is $1565 to $1575 on gold,
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) TAKE JOBS REPORT WITH A GRAIN OF SALT May 4, 2012 The U.S. Department of Labor reports that unemployment rate fell to 8.1% vs 8.2% consensus.
This post was recently published on ZYX Short Sell Change Alert. Taking partial profits on gold (GLD) right here at $158.58.
This post was recently published on ZYX Short Sell Change Alert. Adding a 5% tranche to the short position on GLD right here at $161.40.
(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 U.S. GDP DISAPPOINTS April 27, 2112 The U.S. GDP grew by 2.2% vs 2.5% consensus. This is a continuation of the resent spate of weaker
This post was recently published on ZYX Short Sell Change Alert. After the Fed statement that gives no hint of QE3, gold and silver fell to their first support levels. When gold did not break $1625, and silver did not break $30. a massive short squeeze ensued. It is difficult to
This post was recently published on ZYX Short Sell Change Alert. Gold futures fall to $1631 on Fed statement. Silver futures fall to $30.01. Consider staying short on GLD.