At the moment, crude oil seems to be acting as a free agent instead of in concert with the commodity complex that would play a role in signaling the effects (or lack thereof) of the inflation to date. The target off this formation, if it holds, is 110 or so. But as noted in a previous post, a drive toward 110 would load a significantly higher target, which we have been charting in NFTRH over the last several weeks by monthly chart. [Read more...]
Trade of the Week Review
June 18, 2013 By 2 Comments
Join CEO of Acorn Wealth, John Seville, as he reviews his top performing trade of the week. In this short video John provides an executive summary of his top performing trade for the week. Watch along as he shares how he located the trade using targeted scans and the methodology to pin point the exact entry and exit points to crystallize double digit return within days. Learn key trading tips that you can implement instantly into your trading plan. A must see for any trader of all levels of experience.
Get FREE Access to Acorn's Premium Gold Service Now!
John has invited all INO readers to enjoy 7 days of complimentary, unlimited access to Acorn's Premium Gold membership service. Experience professional trading at its best as you join in Acorns live trading room where head coaches John Seville and Strath Curtis break down the markets at the end of the trading day reviewing watch lists and scanning for opportunities for the next day. Attendees also can join in on an interactive Q&A At the end. Click here for exclusive access.
Weekly Futures Recap W/Mike Seery
June 14, 2013 By Leave a Comment
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.
Precious Metal Futures-- The precious metals this week traded in a very tight trading range which is very unusual because these are volatile commodities with gold trading in a 3 week range as exchange traded products were reduced for the 17th consecutive week pressuring prices once again, however this Friday prices rallied about $9 at 1,387 ounce in the August contract. Prices for the week were up very slightly but my opinion I still believe prices are headed lower in gold at this point in time especially with a pessimistic commodity market and very weak dollar which has not propelled prices higher and that has been very concerning if you are bullish because once the dollar starts to rally again you could see some heavy pressure in the gold market coming weeks. Silver futures are still trading below their 20 & 100 day moving average with great chart structure settling last Friday at 21.74 an ounce settling right around $22 this Friday afternoon up slightly for the week but still right near 2 ½ year lows and I’m still recommending a short position due to the fact of terrific chart structure allowing you place a stop at 10 day high which is at 21.75 currently risking around $750 per contract if you trading the mini contract. [Read more...]
Chart to Watch - IDIX
June 14, 2013 By Leave a Comment
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the Idenix Pharmaceuticals Inc. (IDIX).
I hope you are having a GREAT week !!!
This week let's take a look at a low priced stock that might be headed for higher prices.
With stocks we use the monthly MarketClub Trade Triangle for trend and the weekly MarketClub Trade Triangle for timing.
IDIX has made a double bottom base pattern and has taken off to the upside. [Read more...]
Physical Gold and Paper Gold Battling for Supremacy
June 13, 2013 By 7 Comments
The Gold Report: In your latest newsletter, you advocate that gold investors pay close attention to the Federal Reserve meeting taking place on June 18. What are you looking for out of that meeting?
Brien Lundin: The main driver for gold right now is quantitative easing (QE). An investor trying to figure out where the gold market is heading in the near to intermediate term needs to focus on QE. Investors should look for clues to the future prospects of the Fed's QE programthat's what's going to drive gold in the short and intermediate term. The question really is: To QE or not to QE? The next Fed meeting will be a prime indicator of that, and the one after that and the one after that.
My general view is that the reports of a resurgent U.S. economy are way ahead of themselves and some data points are indicating that the recovery is not that robust and may even be in danger. The jobs numbers will shed some light on this. If such a scenario develops, then the snap back for gold would be pretty dramatic. A weakening U.S. economy would be bullish for gold because it's bullish for continued QE, and that's the real factor for gold going forward.
TGR: Besides the jobs numbers and the Fed meeting minutes, what indicators are you watching to get some insight into whether the economy really is improving? [Read more...]
Article source: http://feedproxy.google.com/~r/theaureport/Ajgh/~3/UwvPyLUtaHU/15360
Forget OPEC, North American Energy Plays Bring Profits Home
June 12, 2013 By Leave a Comment
The Energy Report: Byron, welcome. You recently attended the Platts Conference in London, which addressed shifting energy trade patterns in light of growing U.S. export prospects and dwindling exports from South America and Africa. Has OPEC's role diminished?
Byron King: The short answer is yes. OPEC is struggling right now. The Middle East, the West African producers and Venezuela are struggling. The West African players and Venezuela have seen exports to the U.S. decline dramatically. In countries like Algeria, oil exports to the U.S. are essentially zero, while Nigeria's exports to the U.S. are way down. The oil these countries export tends to be the lighter, sweeter crude, which happens to be the product that is increasing in production in the U.S. through fracking.
The east-to-west trade pattern for oil imports to the U.S. has essentially gone away. This does not mean that the oil goes away. It means these countries have to find new markets for their oil which they are doing, in India and the Far East. But that disrupts trade patterns as well. Imports from the Middle East to the U.S. are falling as well. These barrels tend to be the heavier, sourer crude that U.S. refineries are geared to process. [Read more...]
Article source: http://feedproxy.google.com/~r/theenergyreport/caoK/~3/Z0sD3BunMRo/15358
QE 'Taper' to T Bond 'Carry Trade'
June 11, 2013 By 4 Comments
The following is the opening segment to this week’s premium letter, NFTRH 242. The balance of #242 went on to discuss the technical status of US and global stock markets, key commodities, the current status of ‘inflation expectations’, precious metals and currencies; all in detail.
Taper to Carry
Last week we introduced the theoretical 'taper to carry' scenario whereby the Federal Reserve would indeed 'have the balls' to begin the end of traditional QE and transition the inflation via a new set of mechanics. Mind you, we still get inflation under this scenario, but it would be less stealth and more honest and obvious to the public. Here are the theoretical components of the play… [Read more...]
Keeping Stakes Small: How Some Companies Are Navigating the Gold Market
June 11, 2013 By Leave a Comment
The Gold Report: Coeur d'Alene Mines Corp. (CDM:TSX; CDE:NYSE) recently acquired Orko SilverCorp. for cash and shares. What should investors pay attention to in that deal?
Keith Phillips: The deal involved La Preciosa, a silver asset controlled by Orko, in an attractive jurisdiction in Mexico. From an investment banking perspective, seeing two different, quality companies competing for a junior mining asset in an environment where people thought the merger and acquisition (MA) business was dead was encouraging. First Majestic Silver Corp. (FR:TSX; AG:NYSE; FMV:FSE) made an initial bid for Orko, and Coeur d'Alene was the successful bidder.
TGR: Are high-quality silver assets more likely to be targets than similarly valued gold assets in this market? [Read more...]
Article source: http://feedproxy.google.com/~r/theaureport/Ajgh/~3/SZYVYruTPdc/15355
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