S&P 500
2164.69
-12.49 -0.58%
Dow Indu
18261.45
-131.01 -0.72%
Nasdaq
5308.47
-31.05 -0.59%
Crude Oil
44.82
+0.34 +0.76%
Gold
1333.795
-3.860 -0.29%
Euro
1.12310
+0.00055 +0.05%
US Dollar
95.444
-0.063 -0.08%
Weak

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,310 an ounce while currently trading at 1,345 up about $35 for the trading week remaining extremely choppy as prices have gone nowhere over the last 3 months. Earlier in the week the Federal Reserve made comments that they will not raise interest rates as prices held major support around the 1,310 level and now looks to retest the upper end of the trading range around 1,360 as I’m currently sitting on the sidelines waiting for a trend to occur. Gold prices are trading above their 20 and 100-day moving average telling you the short-term trend is higher as the commodity markets in general in my opinion look to be bottoming. I see the next move to the upside across-the-board as the Federal Reserve, in my opinion, will not raise rates in 2016 as they want to see asset prices go higher. [Read more...]

FOMC: Not Enough Inflation, Folks

By: Gary Tanashian of biiwii.com

Not enough inflation.  That’s what the Fed is saying yet again.

FOMC Statement

“Inflation has continued to run below the Committee’s 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation remain low; most survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months”

The problem is, that like their innovative friends at the BoJ, which apparently thinks it is going to now engineer the Japanese yield curve into an inflationary environment, the US Fed is too heavily involved in the Treasury market.  So I ask you if just maybe the signals they are looking for in bonds are all screwed up by their very presence in bonds, 24/7 and 365 since 2008?  Hello Op/Twist… [Read more...]

'Gold vs.', Pre-FOMC

By: Gary Tanashian of biiwii.com

We are well along in the precious metals correction and have downside targets for gold, silver and the miners.  In order for that to be a ‘buy’, the sector and macro fundamentals will need to be in order.  Some of those are represented by the gold ratio charts vs. various assets and markets.  Below are two important ones.

Gold vs. Stock Markets has been correcting the big macro change to the upside since leading the entire global market relief phase (potentially out of the grips of global deflation) earlier in the year.  A hold of these moving averages, generally speaking, keeps a key gold sector fundamental in play as the implication is that conventional casino patrons are choosing gold over their traditional go-to assets, stocks.  A breakdown from the moving averages and it’s back to Pallookaville for the gold “community”.

Despite gold having topped out (in nominal terms) months ago, the gold vs. stock markets indicators are intact. [Read more...]

Precious Metals Sector Downside Target on Friday's Market Rout

Technical analyst Clive Maund assesses the precious metals landscape after Friday's broad market selloff, and offers strategies for precious metals investors.

After what happened on Friday, many Precious Metals sector investors are naturally concerned about the effect of further heavy losses in the broad market on the sector. Let's now review Friday's action, starting with the broad market itself, before moving on to consider the likely impact on the PM sector.

After almost two months of quietly drifting sideways, the ground opened up beneath the broad market on Friday, as we can see on the 6-month chart for the SP 500 index below. It gapped down at the open and plunged by 2.45%, heading ever lower as the day unfolded, there was not even the customary bounce in the last hour of trading. [Read more...]

Article source: http://feedproxy.google.com/~r/theaureport/Ajgh/~3/DWZw1bMu6ls/17098

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

NASDAQ 100 Futures

The NASDAQ 100 in the December contract settled last Friday in Chicago at 4667 while currently trading at 4803 up about 140 points for the trading week. I was originally recommending a short position in the September contract rolling over into the December contract while placing my stop loss above the 10-day high which stands at 4834 as the original risking around $1,600 per contract plus slippage and commission. This trade has been on a seesaw ride originally I was losing instantly on the trade & then winning now losing once again. However, I will continue to place the proper stop loss and move on if I am stopped out as I hate selling the indices as I think they are propped up by the Federal Reserve. The NASDAQ 100 is trading above its 20 and 100-day moving average telling you that the short-term trend is higher. We are right near all-time highs once again despite the fact of many fundamental factors telling you that prices are way too high for this type of economy, but as a trader, you must have an exit strategy. [Read more...]

© Copyright INO.com, Inc. All Rights Reserved.