Author: The INO.com Team

Gold's Next Big Move

Posted on by The INO.com Team

Hello MarketClub members everywhere. Good to be back, I was away visiting family and unfortunately I picked up a really bad cold. I'm sure you had times like this yourself when you just feel lethargic and don't feel like doing anything. Well, that was then and this is now so let's get the show on the road.

MarketClub's Mid-day Market Report

In today's video update, I'm going to be analyzing gold (FOREX:XAUUSDO) and I am going to be share with you something that I noticed that has been 100% accurate this year in gold, I'm sure you'll find it interesting.

Of course, I will be covering the other markets and the choppy action we are seeing in most of the major indices. A great deal of this indecisive market action I believe has to do with the general uncertainty that's pervasive in the US right now. The main culprit is the upcoming presidential election which is less than 30 days away.

I will also be taking a look at Amazon.com (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL). Both the stocks look very interesting particularly as Amazon reentered the music market today. Amazon is tying music subscriptions both to its Prime accounts as well as ECHO its Alexa-driven knowledge machine both could, in fact, catch the imagination of many Amazon Prime ECHO users.

Stay focused and disciplined.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

The Markets Wait On Earnings

Posted on by The INO.com Team

Hello MarketClub members everywhere. The stock market has started off the new trading week with gains as Wall Street readies for the start of the third-quarter earnings season, awaits more news from the Federal Reserve and watches politics as the presidential election comes down the final stretch.

MarketClub's Mid-day Market Report

The reporting season kicks off on Tuesday with quarterly results from aluminum maker Alcoa Inc. (NYSE:AA) and more importantly on Friday with reports from the three major banks Wells Fargo (NYSE:WFC), Citigroup Inc. (NYSE:C) and JPMorgan Chase & Co (NYSE:JPM).

Key levels to watch next week: Continue reading "The Markets Wait On Earnings" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

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 1,317 while currently trading at 1,256 down about $60 for the trading week hitting a 4 month low all due to the fact that the U.S dollar is hitting a 31 year low against the British Pound pushing prices lower. Gold is trading below its 20 and 100-day moving average telling you that the short-term trend clearly is to the downside as prices are retesting the Brexit low which happened in late June with the next major level of resistance is between 1,200/1,220 in my opinion. At the current time, I’m not involved in gold or silver, but I’m not recommending any type of bullish scenario as I do think lower prices are ahead as I do not like to counter trend trade as over the course time that is very dangerous. Continue reading "Weekly Futures Recap With Mike Seery" →

Gold Falls on Rate-Hike Fears

Posted on by The INO.com Team

Gold fell below $1,300 yesterday for the first time since the Brexit vote in June, as the dollar index rose to a two-month high.

The dollar rose amid increasing speculation that the Federal Reserve will raise interest rates by December. Both Federal Reserve Bank of Cleveland President Loretta Mester and Federal Reserve Bank of Richmond President Jeffrey Lacker have come out in favor of higher interest rates. Manufacturing data released Monday was stronger than expected.

Also pushing down gold is the U.S. dollar's rise against the British pound, which fell to a 31-year low against the dollar after the release of a timeline for Britain's exit from the European Union. Aiding gold's woes is a rise in Deutsche Bank shares today, signaling at least a temporary easing of worries over the bank's liquidity, and lessening gold's role as a safe haven. Continue reading "Gold Falls on Rate-Hike Fears" →

Assessing The Short-Term Outlook For The Precious Metals And The Miners

Posted on by The INO.com Team

Precious metals expert Michael Ballanger assesses the gold-silver ratio and its ramifications for the market.

Gold-Silver Ratio Chart

I want to go on the record and state categorically that, in my opinion, technical analysis is of limited value when trying to predict the short-term movements of precious metals. However, there are millions of traders and investors out there who believe that it does work despite interventions, manipulations, and the ability of the bullion banks to fabricate a surrogate for actual physical gold by way of paper futures. In light of that, the short-term technical set-ups for gold and silver and the miners are all different in that after Friday's month-end bombardment, which originated in the London options market, that formidable uptrend line that began in December 2015 has finally been vanquished. The ramifications could be nasty next week because for the second year in a row, the seasonally strong month of September failed to shine (at least for gold). The big question is now whether or not we get a follow-through to the 200-dma at $1,252 before resuming the uptrend or will that large Commercial short position serve as a demand catalyst and limit any meaningful downside? Continue reading "Assessing The Short-Term Outlook For The Precious Metals And The Miners" →