This post was just published on ZYX Short Change Alert. The last short sell tranche of gold miner ABX is from $20.18. It is trading at $17.15 as of this writing. Our target zone to buy-to-cover for this tranche was $16 to $17.66. Barrick Gold What To Do Now Consider taking profits on
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) NEW DATA SHOWS INFLATION IS ALIVE, NO NEED FOR NEGATIVE INTEREST RATES February 19, 2016 This is what you need to know today. The
This post was just published on ZYX Short Sell Change Alert. Gold miner NEM is short from $27.34 and 40% of the full core position size is being held. The target zone has been $22. to $23.75. It is trading at $23.77 in the premarket. Consider taking profits and exiting the position in
This post was just published on ZYX Short Change Alert. Consider building up to 40% position in NEM in the zone of $25.85 to $27.73. NEM closed at $26.35 and is trading at $26.30 in the premarket. Mental stop zone is $28.13 to $28.57. Target zone $22 to $23.75. You are
There is a big dichotomy going on in the gold market related to frenzy about potential invasion of Ukraine by Russia. Here are ten observations. The annotated tick chart of gold futures will help you follow along. Please click here for a large chart. Gold has moved up very strongly
Please click here for the annotated chart. Gold broke technical supports, shown on the chart, Tuesday, which could have important implications for the short term. The break is ominous because the support that is now broken was a strong support characterized by a triple bottom. This triple bottom was
Secretary of State John Kerry’s comment implies that a strike by the U. S. on Syria is imminent. The war trade is on. Gold, oil and Treasury bonds are up. Stocks are down. Here is the most pertinent part of a long Kerry speech, “At President Obama’s direction, I’ve spent
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
Recent world events tell us that gold and silver have lower to go. The events on which gold and silver should have gone higher, precious metals staged only weak bounces. The events on which precious metals should have shown slight weakness, gold and silver fell out of bed. First let’s
The set-up for gold and silver to be slaughtered was perfect yesterday. There have been considerable outflows from popular ETFs like SPDR Gold Shares (GLD), iShares Silver Trust (SLV), Market Vectors Gold Miners (GDX), and Market Vectors Junior Gold Miners GDXJ. The selling today was quite different from the typical patterns over