This post was just published on ZYX Short Sell Change Alert Consider taking a very small profit that is there on SLV and exiting the trade at $27.74. The reason is that there is no telling what news comes out of Europe over the weekend. By Monday the profit could become
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) QE3 HOPES FADE June 8, 2012 Bernanke indicated the U.S. economy is strong. Some market participants have been selling because their hopes of immediate QE3 have been
These posts were just published on ZYX Buy Change Alert BERNANKE POSITIVE ON U.S., NO MENTION OF QE, NEGATIVE FOR GOLD AND SILVER In the prepared text Bernanke is positive on the U.S. and does not mention QE. Unless he mentions QE in the question answer session, this is negative for
(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 CONTRACTS, U.S. SLOWS AND GOLD SPIKES June 1, 2012 China PMI came perilous close to a point that indicates economic contraction and about 10% lower
My long time readers know, our models have consistently called every major twist and turn in gold and silver for the last several years. Our most recent trades in gold have been on the short side. On May 23, 2012, we bought to cover the last of the gold short
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) IS GREECE EXITING EUROZONE PRICED IN? May 25, 2012 Is Greece leaving eurozone priced in? As the probability of Greece leaving eurozone increases, debate is raging about its effects. It will all
This post was just published on ZYX Short Sell Change Alert Consider taking partial profits in gold right here at $1538 in June futures or $149.51 in GLD. This will leave only 5% of full position size short. What has changed since the last post this morning is the report that
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) PHILLY FED INDEX CAUSES MASSIVE SHORT SQUEEZE IN GOLD AND SILVER May 18, 2012 The Philly Fed Index is a monthly survey by the Federal Reserve
(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. 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,