Category: General

Supply and Demand Will Rescue Gold Soon

Posted on by admin

The Gold Report: The gold sector entered full-blown panic mode in July with the Bloomberg analysts forecasting a dip below $1,000 per ounce ($1,000/oz) this year, and Deutsche Bank forecasting $750/oz. Is this just fear feeding on fear, or is there something else going on?

Jeffrey Mosseri: It is fear feeding on fear, but there are two other things going on. The first is the strength of the dollar, and the second is the weakness in the price of oil. Combined, these two factors have greatly and negatively affected the prices of all metals in U.S. dollars. Over the past year, gold is up 2040% in many currencies.

TGR: In the last couple of years, the idea that the price of gold is being manipulated downward is no longer dismissed entirely as a conspiracy theory.

"Commerce Resource Corp. recently announced excellent drilling results at its Ashram rare earth deposit."

Douglass Loud: I wouldn't want to use the word "manipulation," but you could have an analyst predicting a gold price of $1,050/oz, followed by someone on the trading desk shorting it down to $1,050/oz, without any collusion.

TGR: How big a role does China have in setting the gold price? Continue reading "Supply and Demand Will Rescue Gold Soon" →

Is It Too Late To Buy Netflix?

Posted on by admin

By: Melvin Pasternak of Street Authority

While old media stocks like Viacom (Nasdaq: VIAB), Walt Disney (NYSE: DIS) and 21st Century Fox (Nasdaq: FOXA) were hit with bad news and huge losses last week, Netflix (Nasdaq: NFLX) scored three straight record closing highs before succumbing to profit-taking on Friday.

Shares have been on a tear, more than doubling in the past four months. I'm sure plenty of investors are kicking themselves for missing the boat, but it's not too late. When a stock makes a new all-time high, especially a high-momentum growth stock like NFLX, it tends to keep moving higher. And Friday's sell-off provides an attractive short-term entry level.

Netflix is being driven by strong growth domestically and abroad. On July 15, the video streaming giant reported better-than-expected second-quarter earnings of $0.06 per share on revenues of $1.64 billion. Continue reading "Is It Too Late To Buy Netflix?" →

Despite Low Rates, Housing Rebound is Weak

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By: Elliott Wave International

A June 28 headline on CNBC reads, "Homeownership rate drops to 63.4%, lowest since 1967." The report goes on to say "The number of occupied housing units grew, but all on the renter side."

What does this change mean for the future of real estate in the U.S.? Will the recent rebound in mortgages and real estate prices continue?

Listen to this clip from Steve Hochberg's recent presentation at the San Francisco MoneyShow to get Elliott Wave International's unique perspective on the future of the U.S. real estate market (don't miss the link at the bottom to watch 4 more clips from Steve's presentation):

Market Myths Exposed

Free Club EWI Video Series
"Economic Crisis Meets Investor Opportunity"

Watch select portions of a live talk given by Elliott Wave International's Chief Market Analyst Steve Hochberg to a packed house at the San Francisco MoneyShow.

You'll see a compelling argument -- supported by charts, facts and figures -- for an imminent financial and economic collapse in America.

Log in to watch Steve's eye-opening presentation now, 100% free >>

Need a login? Complete your Club EWI profile to get instant access to this free resource >>

This article was syndicated by Elliott Wave International and was originally published under the headline Despite Low Rates, Housing Rebound is Weak. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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 1,095 an ounce currently trading at 1,095 as this market has been incredibly nonvolatile at the current time as prices have gone nowhere over the last three weeks as I’ve been recommending a short position from 1,170 & if you took that trade place your stop loss above the 10 day high which currently stands at 1,103 risking around $8 dollars or $250 per mini contract plus slippage and commission as the chart structure is outstanding. I have been trading the commodity markets for a longtime and I can’t remember gold trading in such a nonvolatile manner as prices continually go nowhere which is putting me to sleep as I’m getting frustrated in this market because as a trader you want to look at markets that are moving but the risk/reward is in your favor so I will just keep the proper stop loss and if you are stopped out move on and look at other markets. Continue reading "Weekly Futures Recap With Mike Seery" →

POLL: Are You Watching The BIG Republican Debate Tonight?

Posted on by The INO.com Team

It doesn't matter if you are a Republican, Democrat or an Independent voter, tonight's debate promises to be both entertaining and unpredictable, all of which make great television. Think of it like reality TV, only this is real, as 10 Republican candidates vie for attention to break out and catch "The Donald."

In today's poll, I'm asking if you are going to watch what promises to be the most-watched political debate in history. I have two questions for you.

Are you watching tonight's Republican debate?

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Do you think Donald Trump could be President?

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Thank you for taking the time to complete the poll. Whatever happens in tonight's debate, I'm sure it is going to be, if nothing else, entertaining TV.

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