Category: General

Economy Post-'Jobs’ Report; Real or Memorex?

Posted on by The INO.com Team

Now it gets interesting because early in the bailout process the Fed talked about achieving certain employment milestones before hiking interest rates.  Here we are at the 10th consecutive month with 200,000+ job gains (321,000 in November) and the jobless rate down to 5.8% and still there is a question on when or whether ZIRP will be withdrawn?

Well I am a visual learner so I for one can never get enough pictures to inform my thinking.  Pardon the redundancy in this chart’s frequent appearances in NFTRH…

sp500
Source: SlopeCharts

The rectangular red box is zero interest rate policy (ZIRP), which is 6 years old this month.  If we play it straight we would be expected to believe what the mainstream believes, that the “Great Recession” is a thing of the past and that something built of abnormal policy can proceed per normal metrics and assumptions when abnormal policy is removed.  I don’t buy it. Continue reading "Economy Post-'Jobs’ Report; Real or Memorex?" →

Gold Futures Rise Above $1,200 as Demand for the Metal Rises

Posted on by admin

By: FX Empire

After an early-session steep decline, Comex gold futures are now trading significantly higher. The early session sell-off was in response to trader reactions to the failure of the Swiss referendum to increase Swiss National Bank gold reserves; although the vote to not increase the reserves from 7% to 20% was anticipated, the market still dove nearly 2% as a result.

"We didn't think that vote was going to pass. Nobody thought that, but they've cleared the air," explained George Gero of RBC. He continued on to say that what brought gold back was the fact that there are three continents that have to stimulate their economies. The market was being pulled by buyers who are bargain hunters wanting to take advantage of the plunge in the price of gold, and then it was pushed back again by the dollar, as well as by deflation.

Comex gold futures for February hit $1,221 per ounce and then settled with a gain of 3.6% to $1,281. This has been the biggest swing since April of 2013. Continue reading "Gold Futures Rise Above $1,200 as Demand for the Metal Rises" →

Abenomics: From Faith to Failure

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Why the biggest monetary stimulus effort in the world did NOT stop deflation in its tracks

By Elliott Wave International

When Shinzo Abe became the Prime Minister of Japan in December 2012, he was regarded with the kind of reverence that politicians dream about. He was featured in a hit pop song ("Abeno Mix"), hailed as a "samurai warrior," and featured on the May 2013 The Economist cover as none other than Superman.

But in the two short years since, Abe as Superman has been struck down by the superpower-zapping force of economic kryptonite. On November 17, government reports confirmed that Japan's brief respite from a 20-year long entrenched deflation was over as the nation's 2nd & 3rd quarter GDP shrank 7.2% and 1.6% respectively.

In the words of a November 20, 2014 New York Times article: Continue reading "Abenomics: From Faith to Failure" →

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 February contract are down $16 this Friday afternoon in New York currently trading at 1,192 an ounce after settling last Friday at 1,175 with huge volatile this trading week with Monday’s trade going as low as 1,140 before rallying sharply hitting a 4 week high as the volatility is as high as I’ve ever seen it due to the fact that crude oil prices have plummeted coupled with a strong U.S dollar as I’m neutral this market and I’m advising traders to sit on the sidelines and look for another market with better chart structure with less risk. Gold futures are trading above their 20 but below their 100 day moving average telling you that the trend is mixed and I do believe that gold prices will continue to head lower as money flows will continue to head into the S&P 500 which is hitting another record high today but the volatility is too high and the risk/reward at the current time is not in your favor in my opinion. The month of December in recent years has been bearish as ETF selling in the gold has put pressure on prices as investors want to take a tax break on losing trades before the end of the year and I think that will continue this year as well as I still see no reason to own gold at the current time.
TREND: MIXED
CHART STRUCTURE: AWFUL Continue reading "Weekly Futures Recap With Mike Seery" →

Cyber Monday - 40% Off MarketClub

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