This post was just published on ZYX Buy Change Alert Gold and silver are being downgraded from neutral with no bias to neutral with negative bias. The reason is Draghi’s failure to act immediately.
This post was just published on ZYX Buy Change Alert Our rating on gold and silver has been neutral with positive bias. Now gold and silver are being downgraded to neutral with no bias. Our models are driven by a large number of factors. There are two triggers for the downgrade.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) GDP NUMBER MAKES IT DIFFICULT FOR THE FED TO ACT July 27, 2012 Q2 advance GDP came at 1.5% vs 1.2% consensus. Q1 GDP was revised
This post was just published on ZYX Buy Change Alert Gold and silver have been running up on anticipation of the Fed easing and stimulus from the ECB. The strong GDP number released at 8:30 am EDT makes it difficult for the Fed to ease at this point. Q2 advance GDP
Yesterday at about 3:45 pm EDT, WSJ published a leak from the Federal Reserve. Such leaks are usually deliberate on the part of the Federal Reserve. Here is an excerpt from WSJ of the leak: Federal Reserve officials, impatient with the economy’s sluggish growth and high unemployment, are moving closer
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) MADRID PROTEST BRINGS MARKETS DOWN July 20, 2012 Police fired rubber bullets on protested in a huge demonstration in Madrid against austerity. 39 people are reportedly
(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 GROWTH LOWEST IN THREE YEARS July 13, 2012 Chinese GDP growth fell to 7.6%, its lowest in about three years. The number is in line
This post was just published on ZYX BuyChange Alert Our very very short term bias on gold and silver has now turned negative within the context of a neutral rating. As a full disclosure, now we are short on GLD for a very, very short-term trade.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) MARKETS SPIKE ON EUROPEAN BANKING DEAL June 29, 2012 Italy’s Mario Monti led the charge to convince Merkel of Germany to radically restructure bank aid. 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.) FORTUITOUS CALL ON TUESDAY AHEAD OF THURSDAY DROP June 22, 2012 On Tuesday, June 19th, we wrote Aggressive investors who bought QQQ, FEU, MS, USO, and GREK on Friday