Category: General

Chart to Watch - SLW

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We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Silver Wheaton Corp. (NYSE_SLW).

This week let's take a look at the stock chart of SLW.

SLW is a Silver mining stock and tends to follow the price of Silver pretty closely.

For stocks with the MarketClub system, we use the monthly Trade Triangle to tell trend, and the weekly Trade Triangle to time the trades. Continue reading "Chart to Watch - SLW" →

Casey's Louis James Warns: 'Don't Try to Time the Market'

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The Gold Report: You warn investors against trying to time the market. If even experts don't know a bottom until it's behind them, how do regular investors know when to invest, when to buy the next tranches and when to cut losses?

Louis James: The wisdom of not trying to time the market is tried and true. Benjamin Graham said the same thing 60 years ago. I shouldn't have to defend this premise. Even though investors all know it, they fervently wish it weren't so; they just can't help themselves.

You can't time the market. A bureaucrat in Washington can open his mouth and send the price of gold up or down 5% in an afternoon.

Fortunately, we can look for value. Value tends to be slippery in the junior sector when you have a bunch of companies that, as Doug Casey famously says, are little better than burning matches. They have no income. Even the biggest players in the field are so volatile that Benjamin Graham would never touch them.

However, there are things that we can look for. We can compare companies to their peers. We can look at the ounces in the ground and see if something is out of whack. We can look at cash in the bank. The market is so beat up now that some companies with viable projects are trading for cash or less. It's actually possible in a market this beat up to make relatively low-risk acquisitions. Continue reading "Casey's Louis James Warns: 'Don't Try to Time the Market'" →

Warnings of slower sales drive down U.S. stocks

Posted on by The INO.com Team

Warnings of weaker sales from two major companies and concern that the Federal Reserve will soon start withdrawing its support for the economy pummeled the stock market Thursday. The Dow Jones industrial average slumped 225 points, its worst day in nearly two months.

Before the start of trading, Wal-Mart cut its estimates for annual revenue and profit, warning that cautious shoppers are spending less. The news followed a disappointing revenue forecast from Cisco Systems late Wednesday.

In a twist, more signs of resilience in the U.S. economy drove long-term interest rates to their highest level in two years and wound up rattling the stock market. Reports on inflation and the job market appeared to raise the odds that the Fed would begin winding down its massive bond-buying program next month. Many investors think that the Fed's effort has underpinned the stock market's record run. Continue reading "Warnings of slower sales drive down U.S. stocks" →

Warnings of slower sales sends U.S. stocks lower

Posted on by The INO.com Team

Warnings of weaker sales from two major companies and concern that the Federal Reserve could pull back its support for the economy sent the stock market spiraling lower Thursday.

Before the start of trading, Wal-Mart cut its estimates for annual revenue and profit, warning that cautious shoppers are spending less. The news followed a revenue forecast from Cisco Systems late Wednesday that was weaker than Wall Street expected.

The Standard & Poor's 500 index was down 20 points, or 1.2 percent, to 1,666 at noon Eastern Daylight Time.

The selling swept across all 10 industry groups in the index, and 93 percent of the index's 500 stocks fell.

The Dow Jones industrial average lost 177 points, or 1.2 percent, to 15,159. The Nasdaq composite index fell 52 points, or 1.4 percent, to 3,618. Continue reading "Warnings of slower sales sends U.S. stocks lower" →

Worldwide Oil & Gas Capex Growth Good News for 'Big Four' Services Companies

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The Energy Report: James, you have said the energy industry is in the early stages of a strong, sustained upside trend. What's driving that?

James West: Sustained high oil prices are driving a trend toward higher capital spending. Oil prices have been at elevated levelsabove $100 per barrel ($100/bbl) for Brent and $85 and above for WTI (West Texas Intermediate)for close to 40 months. Those are exceptionally good levels for most companies; they can make good profits on projects. Capital investments seem to be accelerating somewhat, particularly in the international markets.

North America is going through a little bit of an efficiency phase and a slowdown from rampant growth. That started after the financial crisis. Now the international markets, which are slower to recover after a financial crisis or downturn, as we saw in 2009, are starting to accelerate.

We recently released an update to our spending outlook, where we survey well over 300 companies in the oil and gas space. These companies represent about 90% or so of capital expenditures (capex) on exploration and production (EP), and they are showing about 13% gain year-over-year (YOY) in the international markets for capital budgets. There have been some regional shifts, but that's a pretty healthy number. Also, globally we're showing about a 10% gain in spending. This is the fourth year in a row of double-digit gains driven by high, sustained oil prices, behind which are many factors, one being limited OPEC spare capacity.

TER: Is the trend equally strong for gas? Continue reading "Worldwide Oil & Gas Capex Growth Good News for 'Big Four' Services Companies" →