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 Federal Reserve provides a gold mine of both medium-term investment opportunities and short-term trading opportunities. The Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings every year. One of those is being held this week, with a rate decision set to be announced at 2:15 p.m. Eastern on
This post was just published on ZYX Short Sell Change Alert Consider taking profits on the entire tranche short from $33.75 right here in the pre-market around $30.88. Futures equivalent is $31.89. Continue to maintain the remaining 65% of the full core position size.
This up-leg in gold and silver was first initiated by speculation about QE3, and then gathered steam after QE3 was announced. The announcement of the bond buying program from the European Central Bank (ECB) helped stoke the fires of the precious metal bulls. Gold and silver investors should take notice
During the presidential debate on Wednesday in Denver, every time Gov. Mitt Romney seemed to score a point on President Barack Obama, gold futures ticked higher. At points when Obama seemed to be recovering, gold futures ticked down. As the debate ended and gurus, even on MSNBC, started proclaiming Romney the winner
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.
Gold is running on the Romney debate win as the momentum (momo) crowd is getting excited and aggressively buying. The momo crowd favors Romney. The logic be damned. It is indisputable, in my opinion, that a Romney win is bad for gold and silver. Why is that? Romney has clearly
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