This morning we alerted you GOLD BREAKS MOMO CROWD’S LINE IN THE SAND when gold was much higher. The momo crowd tried by aggressive buying to hold the line at $1683, but to no avail. The momo crowd has long held that $1672 was the firewall just in case the line
This post was just published on ZYX Short Sell Change Alert. For details please see the prior post GOLD BREAKS MOMO CROWD’S LINE IN THE SAND.
This post was just published on ZYX Short Sell Change Alert. Adding a 5% tranche to SLV short around $32.37 (future equivalent is $33.40) based on Fed statement. Stop zone on this tranche is $33.12 to $33.26. The Fed announcement is in line with what we told you about expectations of most rational
There is a new prediction from the indicator that called the Apple top at $705. The indicator is our proprietary indicator dubbed the Hate-Mail Indicator. As the chart shows, the Hate-Mail Indicator for Apple peaked when Apple was at $705. The peak was right after my cautionary column on Apple
This post was just published on ZYX Buy Change Alert. After Mario Monti, the Italian Prime Minister decided to resign, Smart Money has been steadily buying gold and silver. The buying appears to be short covering. In other words, Smart Money is taking profits on the shorts put on near
This post was just published on ZYX Short Sell Change Alert. Consider staying short on silver ETF SLV and silver miner SLW. Silver is trying to break the support a $33. (Equivalent in SLV is $32.10.) If silver closes below the support, then the support will become the resistance. We are seeing light selling by Smart Money
Traditionally gold has exhibited an inverse relationship with the U.S. dollar. In other words, if the dollar goes higher, gold goes lower and vise versa. Today gold and silver are breaking the inverse relationship with the dollar. The dollar is lower and gold has fallen to support at $1700. As
This post was just published on ZYX Buy Change Alert. In the momo crowd circles, the explanation being advanced for today’s drop in gold is that it is an erroneous trade that has caused the drop. So far we have seen no evidence of an erroneous trade and the probability is
Gold is getting hammered this morning. No obvious news. There is no corresponding move in currencies. Our algorithms show that yesterday afternoon Smart Money stepped in with selling to meet heavy buying by the momo crowd. This morning the momo crowd has continued to aggressively buy. Momo crowd’s aggressive buying is
This post was just published on ZYX Short Sell Change Alert Consider adding a 10% tranche in SLV in the zone of $32.88 to $33.10. Futures equivalent is $33.90 to $34.15. No stop for the time being as we are trying to build the position again.