This post was just published on ZYX Short Sell Change Silver has broken support at $32 and now is sitting at a minor support at $31.20, equivalent in SLV is $30.26. So far selling by Smart Money is overwhelming buying by the momo crowd. If we see Smart Money taking profits on their
This post was just published on ZYX Buy Change As we told you yesterday early morning, the momo crowd was aggressively buying gold and silver. The buying continued throughout the day and is continuing this morning. The momo crowd is advancing double bottom in gold as the reason for buying. Take
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) QE ADDICTS FIGHT ANOTHER POSITIVE DATA POINT October 26, 2012 Another positive economic data point was reported on the U.S. economy this morning. GDP grew by
This post was just published on ZYX Buy Change The real reason behind the gold, silver, and miner up move today is a rumor that the Bank of Japan will announce $120 billion QE tonight. The Japanese yen has also weakened against the dollar because of the rumor. We have not been able to confirm
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) FOUR DJIA COMPONENTS REPORT BELOW EXPECTATIONS October 19, 2012 Three DJIA components MSFT, GE and MCD report lower than expected earnings or projections. Market seems to be surprised but
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) GOLD AND SILVER INVESTORS TAKE NOTE: CORE PPI FALLS October 12, 2012 Core PPI is a leading indicator of future inflation. Core PPI falls to 0.0%
This post was just published on ZYX Short Sell Change Consider adding a 10% tranche to SLV right here around $33.75. Futures EQ is $34.82. Stop zone on this tranche only is $35.27 to $35.63.
This post was just published on ZYX Buy Change SYMBOL SMART MONEY BUYING IN MILLIONS OF $ SMART MONEY SELLING IN MILLIONS OF $ GLD 22.41 SLV 6.32 ABX 12.21 NEM 8.35 GDX 20.56 GDXJ 6.23 GG 4.24 SLW 0.77 PAAS 1.23 CDE 1.39 Smart Money in our parlance is the
This post was recently published on ZYX Short Sell Change In the year 2011-12 , India imported 1,067 tonnes of gold worth about $60 billion. In the April-June quarter of 2012-13 fiscal year, gold imports had contracted by 18.4 per cent year-on-year to about $13 billion. India’s imports of gold are likely
This post was just published on ZYX Buy Change As we wrote in the morning capsule, the traditional beginning of the quarter new money is pouring in stocks, gold and silver, oil, and bonds. However the trigger for the sharp move in gold and silver was comments by Charlie Evans. Evans