Category: General

In Precious Metals, Cash Flow Is King

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The Gold Report: Many believe that the price of gold represents a market referendum on the value of paper money and the health of the world economy. Do you agree?

Jay Taylor: Yes, I do. Gold rose from the mid-$200s/ounce (mid-$200/oz) in 2002 to as high as $1,900/oz. That clearly suggests that things are not all right in the global economy. Politicians like to create the illusion that they can create something out of nothing and give it to people in exchange for votes. Gold gets in the way of that falsehood politicians wish to use to deceive voters for their own gain and the gain of those who fund their election campaigns.

TGR: Gold has fallen from $1,900/oz to below $1,400/oz. Some people say this proves the bubble has burst. Continue reading "In Precious Metals, Cash Flow Is King" →

Trade of the Week Review

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Join CEO of Acorn Wealth, John Seville, as he reviews his top performing trade of the week. In this short video John provides an executive summary of his top performing trade for the week. Watch along as he shares how he located the trade using targeted scans and the methodology to pin point the exact entry and exit points to crystallize double digit return within days. Learn key trading tips that you can implement instantly into your trading plan. A must see for any trader of all levels of experience.

Get FREE Access to Acorn's Premium Gold Service Now!

John has invited all INO readers to enjoy 7 days of complimentary, unlimited access to Acorn's Premium Gold membership service. Experience professional trading at its best as you join in Acorns live trading room where head coaches John Seville and Strath Curtis break down the markets at the end of the trading day reviewing watch lists and scanning for opportunities for the next day. Attendees also can join in on an interactive Q&A At the end. Click here for exclusive access.

Apple details government requests for data

Posted on by The INO.com Team

Apple (NASDAQ:AAPL) says it received between 4,000 and 5,000 requests from U.S. law enforcement for customer data for the six months ended in May.

The company, like some other businesses, had asked the U.S government to be able to share how many requests it received related to national security and how it handled them. Those requests were made as part of Prism, the recently revealed highly classified National Security Agency program that seizes records from Internet companies.

Prism appears to do what its name suggests. Like a triangular piece of glass, Prism takes large beams of data and helps the government find discrete, manageable strands of information.

Prism was revealed this month by The Washington Post and Guardian newspapers, and has touched off the latest round in a decade-long debate over what limits to impose on government eavesdropping, which the Obama administration says is essential to keep the nation safe. Continue reading "Apple details government requests for data" →

The Hindenburg Omen Is Flashing: Is It Time To Sell?

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By: David Goodboy - StreetAuthority

I learned the hard way not to rely purely on technical analysis to make investing decisions.

In the early 1990s, I had built up a decent trading stake by riding the momentum lifting high-tech stocks of the era. Dave, my best friend and the guy who first taught me how to trade, was a die-hard technical analysis proponent who made a small fortune correctly forecasting and buying puts several days prior to the 1987 market crash. He turned his college tuition money into enough capital to trade full time, buy a nice car and not have to worry about working for someone else.

I'll never forget that phone call: Continue reading "The Hindenburg Omen Is Flashing: Is It Time To Sell?" →

Weekly Futures Recap W/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.

Precious Metal Futures-- The precious metals this week traded in a very tight trading range which is very unusual because these are volatile commodities with gold trading in a 3 week range as exchange traded products were reduced for the 17th consecutive week pressuring prices once again, however this Friday prices rallied about $9 at 1,387 ounce in the August contract. Prices for the week were up very slightly but my opinion I still believe prices are headed lower in gold at this point in time especially with a pessimistic commodity market and very weak dollar which has not propelled prices higher and that has been very concerning if you are bullish because once the dollar starts to rally again you could see some heavy pressure in the gold market coming weeks. Silver futures are still trading below their 20 & 100 day moving average with great chart structure settling last Friday at 21.74 an ounce settling right around $22 this Friday afternoon up slightly for the week but still right near 2 ½ year lows and I’m still recommending a short position due to the fact of terrific chart structure allowing you place a stop at 10 day high which is at 21.75 currently risking around $750 per contract if you trading the mini contract. Continue reading "Weekly Futures Recap W/Mike Seery" →