A New Bull Market In Gold?

We continue to think precious metals are one of the best risk vs. reward opportunities right now.

Last week, we shared the Gold to $5K Report with you from our friends over at All Star Charts.

You can check it out here, in case you missed it. The report outlines all of the reasons why Gold could hit $5,000/oz. sooner than the crowd expects.

Today we want to reiterate that it's not just Gold that looks attractive here. Silver is also poised to move higher.

Gold and Silver Futures Chart

As you can see above, Gold & Silver are confirming one another by hitting 6-month highs together.

The current leg higher began a couple of months ago after both metals formed a failed breakdown at support. As you might know, failed breakdowns often lead to fast moves higher, and we're starting to see that play out.

Silver Futures Chart

When you zoom out and look at a long-term chart of Silver, you'll notice it's in the process of forming a massive Cup & Handle pattern that dates back to 1980.

The next long-term objective for Silver is around $50, which is the all-time highs from 1980/2011. That's more than 100% higher here!

Be sure to download this free report to learn how to profit from this potentially historic move.

Enjoy,
The INO.com Team

Merry Christmas From INO.com

Our office will be closed on Monday, December 26th, along with the U.S. exchanges. We'll be back on Tuesday morning.

No matter what you celebrate (if anything at all), our entire team wishes you health and happiness. We hope you get to spend time with family and friends, truly the greatest gifts.

If you haven't joined MarketClub during the MarketClub Holiday Deal, you still have time. This great rate (only available until December 31st) is our gift to you.

Happy holidays to you and we are excited to help you reach your financial goals in 2023.

As always, thank you and best wishes,
The INO.com Team

Happy Thanksgiving From INO.com

The team at INO.com has so much to be thankful for this year.

Every day we get to do what we love, help members like you, make better trading decisions. We are grateful for your support and the trust you put in us.

We sincerely hope that you too find many things to be thankful for this holiday season.

Our office will be closed Thursday and Friday to celebrate Thanksgiving with our families. The U.S. markets will also be closed Thursday and will close at 1 PM on Friday.

If you need assistance, please email

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and we will connect with you as soon as possible.

With sincere thanks,
The INO.com Team

Gold Market Sentiment Adjusts To Recent Fed Comments

The Merriam-Webster dictionary defines sentiment as, “an attitude, thought, or judgment prompted by feeling: predilection.: a specific view or notion: opinion.: emotion.: refined feeling: delicate sensibility especially as expressed in a work of art.: emotional idealism.”

As it pertains to the financial markets, market sentiment is the view or attitude that creates our opinion as to whether an asset class is overvalued or undervalued. It shapes and changes the value of a stock or commodity’s price.

Market sentiment is overly sensitive to statements and comments made by Federal Reserve officials because those individuals have the power and influence to change monetary policy.

There is a dramatic difference between the perception of upcoming Federal Reserve monetary policy changes and the actions of Federal Reserve officials.

The Federal Reserve raised rates at every FOMC meeting this year except in January, from March through November, a total of six rate hikes. Over the last four FOMC meetings (June, July, September, and November) they raised rates by 75 basis points.

The aggressive nature of the Federal Reserve’s monetary policy moved gold dramatically lower from March up until the beginning of November. Gold traded to its highest value this year of $2078 in March. By the beginning of November, gold prices had dropped to approximately $1621, resulting in a price decline of 21.99%.

During the first week of November, market sentiment shifted because inflation rates had declined fractionally, and investors viewed this fractional drop as a signal that the Federal Reserve would begin to loosen its aggressive monetary policy. This caused gold to rise dramatically from $1621 to an intraday high of $1792 by Tuesday, November 15. Continue reading "Gold Market Sentiment Adjusts To Recent Fed Comments"