This post was published on ZYX Buy Change Alert. We are downgrading gold and silver in the very, very short-term and the short-term. Here are our current ratings on gold and silver. Neutral with negative bias in the very, very short-term. Neutral with negative bias in the short-term. Negative in the
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) UNEMPLOYMENT UNEXPECTEDLY RISES, BUT STOCKS RUN ANYWAY TOWARDS DJIA 14000 February 1, 2013 In the U. S., unemployment rate unexpectedly rose to 7.9% vs. 7.7% expectations.
This post was just published on ZYX Buy Change Alert. Both gold and silver spiked on weaker employment data. For details please see the morning capsule on the Real Time Feed. The upspike makes sense because the Fed is targeting the unemployment rate; the Fed plans to continue with QE until unemployment falls to about
(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 RALLY IS LONG IN THE TOOTH January 25, 2013 The stock market rally is long in the tooth. Our long time subscribers know
On Thursday gold staged a bullish ‘outside day.’ In traditional technical analysis, an outside day is traced when the low of the day is lower than the previous day’s low and the high of the day is higher than the previous day’s high. Candlestick or OHLC chart displays make it
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) CHINA REBOUNDS January 18, 2013 The fourth quarter GDP in China jumped to 7.9% breaking a streak of seven weaker quarters. For the year, China grew
This post was just published on ZYX Buy Change Alert. U. S. dollar is slumping and gold is flying high in the wake of ECB President Mario Draghi’s press conference. Earlier today both ECB and the Bank of England left rates unchanged. The key take is that ECB balance sheet continues to shrink
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) BETTER THAN EXPECTED ECONOMIC DATA CONTINUES TO POUR January 4, 2013 Monthly employment from Bureau of Labor Statistics are popularly known as the mother of all
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.