Category: General

The Numbers Add Up to Vindication for a Cautious Gold Bull...

Posted on by admin

Precious metals expert Michael Ballanger discusses the importance of caution and timing in gold investment.

Back in early March, with the HUI screaming along north of 150, I published "Patiently Climbing Aboard the New Golden Bull," in which I opined that we had entered a brand-spanking-new bull market in precious metals and related equities. But I also noted that, with the Relative Strength Index (RSI) above 85 on the daily SPDR Gold Trust ETF (GLD) and approaching 80 on the daily NYSE.Arca Gold BUGS Index (HUI), the short-term outlook was less than appealing, while the intermediate and long-term outlook was unequivocally bullish for the first time in five long years. Continue reading "The Numbers Add Up to Vindication for a Cautious Gold Bull..." →

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.

Crude Oil Futures

Crude oil futures in the July contract settled last Friday in New York at 49.33 a barrel while currently trading at 49.00 basically unchanged for the trading week continuing its nonvolatile action still hovering right near the $50 level. Crude oil prices are trading above their 20 and 100-day moving average telling you that the short-term trend is still higher as I've been sitting on the sidelines in this market as I'm possibly looking at a short position in the next week or two as the chart structure is outstanding as prices are stuck in a three-week channel. As a trader I look for risk/reward to be in your favor with outstanding chart structure as that is starting to develop in the crude oil market but at this point you have to be patient and wait for the downtrend to develop as OPEC announced yesterday that they were leaving production unchanged. Generally speaking Continue reading "Weekly Futures Recap With Mike Seery" →

Bonds About To Break Resistance?

Posted on by The INO.com Team

Bonds have been wrapped up in a low-volatility Elliott triangle, but they look set to lift off. Here's how we're setting up the options trade using Fibonacci.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

It Feels Like Inflation

Posted on by The INO.com Team

By: Gary Tanashian of Biiwii.com

Last night’s post on the US stock market ended as follows:

“As far as the Fed and its puny rate hikes are concerned, that is irrelevant.  This market is flipping them the bird.  Markets can rise a long way before a rate hike regime finally kills them.  It feels like inflation folks.”

This prompted a question from an NFTRH subscriber about what markets would benefit, and in what differing ways would they benefit if an inflationary phase comes to dominate?  That is a far reaching question and a difficult one as well, because inflation’s effects have a way of being unpredictable (how many would have answered ‘US stock market’ in the spring of 2011 to the question “where will the post-crisis inflation to date manifest on this cycle”?).

Last weekend, in an NFTRH 396 excerpt we talked about Applied Materials stellar quarterly report and what it might mean for the economy, the Fed, the gold sector and most of all the idea of an inflationary backdrop becoming more readily apparent (2003-2007 Greenspan style). Continue reading "It Feels Like Inflation" →