Taking profits on 10% tranche on GLD right here at $166.95. This action is in response to CME reducing margin requirements on gold futures. This means that the momo crowd is going to be able to borrow more money to buy more gold.
Yesterday a 5% GLD tranche was sold short at $170.05. Consider taking profit on this tranche before the market close today in the zone of $165 to $167. The reason the zone is so wide is because there is no way to predict what GLD will do going into
As we have been describing, gold and silver lately have run up on good news and run down on bad news. This morning gold ran up on the good news that Greek agreement had been reached. When the news crossed the wires that Troika had concerns about the agreement, which
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
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
As gold and silver continue a steady move up from recent lows they face a cluster of resistance. The cluster has been formed by the convergence of a number of popular moving averages. Most charts show jagged price movement. The jaggedness makes it difficult to get a good
Added to short position in GLD at $158.58. Please see ZYX Short Sell Change Alert for follow up on this position in Real Time.
Took a short position on gold (GLD) at $158.19. Please see ZYX Short Sell Change Alert for follow up on this position in Real Time.
Kim Jong-Il, the dictator of North Korea has died. North Korea is the most militarized nation in the world with nukes. North Korean troops are staring American soldiers from a few hundred feet. This event may have major implications, especially for gold and silver. Technically, North Korea is still at