(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) SPANISH YIELDS AGAIN OVER 5.5% March 23, 2012 Bench mark 10 year bond yields in Spain have risen to 5.53%. This is a stark reminder 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.) INFLATION DROPS March 16, 2012 Core Consumer Price Index (CPI) drops to 0.1% from prior 0.2%. Consensus was 0.2%. Stocks and bonds are taking encouragement from
Our algorithms show that mom and pop momo crowd who were mainly responsible for the last run up in gold and silver are not selling during this swoon. As we reported this morning, our algorithms show aggressive selling by institutions in Asia. In the U.S. market, selling by Smart Money
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) BIGGEST SOVEREIGN RESTRUCTURING IN HISTORY March 9, 2012 Greece has now finally pulled off the biggest sovereign debt restructuring in history. A ton of economic data has been released in China today.
This morning we reported that inflation has dramatically lowered in China. American gold bugs have turned this low inflation data from China on its head. The brand new interpretation is that low inflation in China is good for gold because low inflation will provide Chinese with more buying power and
Our algorithms are showing aggressive short covering in gold and silver. Gold is up about $30 from its low. Almost all of it is shorts taking profits. There is no change in our stance, but we will be carefully observing to see if real buying comes in.
First a clarification, the gold position taken this morning is a short position. In other words, the objective is to benefit from gold going down. Those interested in gold and silver may benefit from reading our morning post from today. Subscribers to ZYX Buy Change Alert and ZYX Short Sell
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
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