The stock market has been overbought for a while, and overbought markets can be vulnerable. Usually there is an excuse in the form of bad news that runs the overbought market down to alleviate the overbought condition. Monday was no exception. The bad news was that in Italy, Berlusconi garnered more votes than expected. He
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) BULLS TAKE CONTROL OF THE STOCK MARKET February 22, 2013 Bulls have again taken control of the stock market this morning. Futures have been steadily rising. Europe
The Federal Open Market Committee (FOMC) meeting minutes from January 29 -30 were released yesterday afternoon. Within the Federal Reserve System, the FOMC is responsible for making key decisions about money supply and interest rates. One paragraph in the minutes spooked gold and silver bulls, as well as stock and
On February 12, 2013, I published “Gold is at a critical juncture .” Events since then have shown that the article was spot on. Gold has fallen out of bed. A picture is worth a thousand words. The chart below shows updated long-term analysis of gold. Please click here 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.) MOSCOW COMMUNIQUE LEADS TO GOLD AND SILVER FALLING OUT OF BED February 15, 2013 The group of 20 largest economies (G-20) has begun their meeting
We have received a flood of emails asking the same question, “Why are gold and silver falling?” The answer lies in our prior posts. Here are the links: MOSCOW COMMUNIQUE LEADS TO GOLD AND SILVER FALLING OUT OF BED GOLD IS AT A CRITICAL JUNCTURE GOLD AND SILVER DOWNGRADE IN
This post was the morning capsule published on ZYX Buy Change Alert. The group of 20 largest economies (G-20) has begun their meeting in Moscow. A draft communique by G-20 shows a pledge to refrain from competitive currency devaluation. Gold and silver have fallen out of bed on the news.
There is much debate about the effect of currency wars on gold and its future direction. Currently, the fundamentals of gold are muddled. On the one hand, central banks continue to print lots of money, and some believe currency wars are imminent. On the other hand, inflation is stable, and
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.