This post was just published on ZYX Short Change Alert. In Benghazi, Libya, a war plan belonging to General Haftar has attacked a ship trying to supply Islamist forces. Oil is spiking up on the news. So far there is not much reaction in gold. However in view of our many
This post was just published on ZYX Short Change Alert. Consider taking profits and closing the position on GDXJ in the zone of $32.63 to $34.75 if still holding. Consider continuing to hold other gold, silver, and palladium related positions. You are receiving less than 2% of the content from our paid
My long-term readers know that I recommended allocating 20% of assets to silver at an average price of $17.73 and exited the position in the zone of $48 to $48.50. I also recommended buying gold in the $600s with an average price of $660, and selling half of the gold
The Federal Open Market Committee (FOMC) meeting minutes from January 29 -30 were released yesterday afternoon. Within the Federal Reserve System, the FOMC is responsible for making key decisions about money supply and interest rates. One paragraph in the minutes spooked gold and silver bulls, as well as stock and
There is much debate about the effect of currency wars on gold and its future direction. Currently, the fundamentals of gold are muddled. On the one hand, central banks continue to print lots of money, and some believe currency wars are imminent. On the other hand, inflation is stable, and
The momentum crowd has been running up gold and silver based on superficial beliefs about QE3. This group of investors is not known for deep study or paying heed to rigorous analysis. Now a major player in the metals business is sending a signal loud and clear that gold and silver
The Greek election is this Sunday, and no matter what the outcome, the election is negative for gold and silver in the medium-term. I believe this conclusion flies in the face of conventional wisdom. Not many will have the conviction to publish an unpopular view against conventional wisdom right before
The recent plunge in gold and silver has hurt gold bugs. The bugs have always contended that central banks and governments manipulate prices of gold and silver to support fiat currencies. It never occurred to most gold bugs that they would be hurt by the gold momo crowd. I have
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
In the wake of a bad employment report, the gold and silver momo crowd has been running up the metals with loud proclamations that QE3 is now certain. A careful study does not support such proclamations. Good Friday was one of those rare days when the U.S. stock market was