Category: General

The Winner Of The Natural Gas Boom Isn't Who You Think...

Posted on by admin

By: Jim Nelson of Street Authority

The energy market is officially broken.

That's according to the International Energy Agency (IEA).

On November 10, the group announced that oil prices will remain low for a long time.

Next year, the agency is forecasting a barrel of crude will go for just $60... and only $80 by 2020.

For hundreds of U.S. companies caught up in the shale oil boom over the last decade, that's disastrous news. At $60 a barrel, many oil companies will not generate enough revenue to break even. Continue reading "The Winner Of The Natural Gas Boom Isn't Who You Think..." →

Happy Veterans Day!

Posted on by The INO.com Team

"On this Veterans Day, let us remember the service of our veterans, and let us renew our national promise to fulfill our sacred obligations to our veterans and their families who have sacrificed so much so that we can live free."

— Congressman Dan Lipinski

INO.com and MarketClub would like to acknowledge all of our veterans, fallen and living, and thank you for all that you do for this great nation!

The Bear Market Meter Is Running

Posted on by The INO.com Team

By: Elliott Wave International

As a native New Yorker, I can say with complete confidence: It's true; there's no place on earth like The Big Apple. It's also true that, until recently, most New Yorkers would trip a nun if it meant hailing a Yellow cab first.

Fact is, the NYC Yellow cab used to be the hottest commodity in the five boroughs. When you needed a ride, spotting a cab with its service light on was like finding the last pair of Manolo Blahnik shoes in your size at a Manhattan Sample Sale.

But those days are over in NYC (and nearly every major U.S. metropolis). In the past year alone, street hail vehicles have suffered a series of crippling blows -- including plummeting demand, fleet changes, sliding medallion values, and the "Taxi King" himself -- Gene Freidman -- filing for bankruptcy.

Today Friedman is on the hook for millions of dollars he borrowed to purchase hundreds of taxi medallions. (At one point, he "owned" more than 1000!) Writes an October 26 article in The Federalist: Continue reading "The Bear Market Meter Is Running" →

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 1,141 while currently trading at 1,087 an ounce down $17 this Friday afternoon all due to a very strong U.S dollar which is up over 100 points today on a positive monthly unemployment number which added 271,000 jobs sending many commodities lower. Gold prices are trading below their 20 and 100 day moving average telling you that the short-term trend is to the downside as prices hit a three week low; however the chart structure is terrible as prices have collapsed over the last couple weeks as I’m sitting on the sidelines waiting for the risk/reward to improve. Continue reading "Weekly Futures Recap With Mike Seery" →

Poll: U.S. Hiring Surges In October Pushing Unemployment Down To 5%

Posted on by The INO.com Team

U.S. hiring roared back in October after two disappointing months as employers added 271,000 jobs, the most since December. The unemployment rate fell to a fresh seven-year low of 5%.

Companies shrugged off slower overseas growth and a weak U.S manufacturing sector to add jobs across a range of industries. Big gains occurred in construction, health care and retail. Healthy consumer spending is supporting strong job gains even as factory payrolls were flat and oil and gas drillers cut jobs.

The gains are likely strong enough for the Federal Reserve to lift short-term interest rates at its next meeting in mid-December.

Robust hiring also pushed up wages 9 cents to $25.20. That is 2.5% higher than 12 months ago, the largest annual gain since July 2009.

Based on this data:

Do you think the Fed will raise interest rates in December?

View Results

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Every Success,
Jeremy Lutz
INO.com and MarketClub.com