Category: General

Chart to Watch - IDIX

Posted on by The INO.com Team

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 the Idenix Pharmaceuticals Inc. (IDIX).

I hope you are having a GREAT week !!!

This week let's take a look at a low priced stock that might be headed for higher prices.

With stocks we use the monthly MarketClub Trade Triangle for trend and the weekly MarketClub Trade Triangle for timing.

IDIX has made a double bottom base pattern and has taken off to the upside. Continue reading "Chart to Watch - IDIX" →

U.S. factory output rise just 0.1 percent in May

Posted on by The INO.com Team

U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy.

The Federal Reserve said Friday that factory production rose just 0.1 percent in May from April. Output fell 0.4 percent in April and 0.3 percent in March.

Factories produced more autos, computers and wood products last month, offsetting declines in the production of primary metals such as steel and furniture.

Manufacturing output has risen just 1.7 percent in the past 12 months. Continue reading "U.S. factory output rise just 0.1 percent in May" →

Physical Gold and Paper Gold Battling for Supremacy

Posted on by admin

The Gold Report: In your latest newsletter, you advocate that gold investors pay close attention to the Federal Reserve meeting taking place on June 18. What are you looking for out of that meeting?

Brien Lundin: The main driver for gold right now is quantitative easing (QE). An investor trying to figure out where the gold market is heading in the near to intermediate term needs to focus on QE. Investors should look for clues to the future prospects of the Fed's QE programthat's what's going to drive gold in the short and intermediate term. The question really is: To QE or not to QE? The next Fed meeting will be a prime indicator of that, and the one after that and the one after that.

My general view is that the reports of a resurgent U.S. economy are way ahead of themselves and some data points are indicating that the recovery is not that robust and may even be in danger. The jobs numbers will shed some light on this. If such a scenario develops, then the snap back for gold would be pretty dramatic. A weakening U.S. economy would be bullish for gold because it's bullish for continued QE, and that's the real factor for gold going forward.

TGR: Besides the jobs numbers and the Fed meeting minutes, what indicators are you watching to get some insight into whether the economy really is improving? Continue reading "Physical Gold and Paper Gold Battling for Supremacy" →

This email asked a question that may be in the back of your mind!!

Posted on by The INO.com Team

Every once in a while, I receive an email like the one below. I think to myself that is exactly the type of mail I would write if I were in that person's shoes.

The premise of the email is this... Why, if you are a successful trader, do you bother doing what you do with INO.com and MarketClub?

This is what Bryan wrote:

"Adam, Good morning!

I'm interested in why-as a successful trader-you decided to start the club/newsletter. I have started learning about trading, and the involvement in learning about trading and developing market awareness is a discipline-as you know. I have also started to test some of my strategies with both real and paper trades. So, I'm thinking, $8.95 isn't much to part with to learn more about your strategies… and if your strategies work, why don't you just make your trade(s) and walk away from your computer, and come back when you are ready to work again. Why share it? Plus if your trades are profiting significantly, what is the cost/benefit of your investment of time into the MarketClub? Perhaps I have a selfish view of trading, but I am very curious as to the upside for you regarding the MarketClub.

For example, last week I profited on a trade of FNMAS, and depending on the amount of cash I was willing to commit to it, I could have been in and out for only a few hours. I held for 2 days, walked with a healthy profit, and went to enjoy time with my family. So, it's my analytical curiosity that is really wanting to understand why you do what you do.

Thanks for your time.

Sincerely,
Bryan D"

---------------

Here is my response to Bryan:

The simple answer is, because I enjoy what I do and I like helping other people succeed in what can be a very rewarding business. Before I go any further, let me share with you my abbreviated story. I grew up in a working-class family in England, I don't have a formal education and I am dyslexic. I am sharing this with you so you can see if someone like myself can be successful in trading, anyone can do it. I am an autodidact and have an insane curiosity about life and practically everything out there.

I grew up as an only child in a family where we shared, and I was taught to share at a very early age. Because of my curiosity, I became very interested in the commodity markets in the early seventies when I was a much younger man. I was living in Chicago at the time, the home of the commodity markets and I decided then and there to learn how the markets work. I threw myself into studying the markets and worked and worked at trying to become successful. It was only after I purchased a membership in Chicago and really learned how the markets trade that I fully understood what was going on. Shortly after that I purchased seat on several major exchanges both here in the US and in London, I moved to Switzerland in the early 80's and managed funds for a private family hedge fund. I was lucky enough first retire in my early 30s. Here's the problem when you retire at that age, there's no one else to play with!! You can only travel, tennis, golf go fishing for so long, after a while you really need to something more. Well that something more for me was writing a book called "Right on the Money" and going back into a business that I really enjoy and love.

Helping others and sharing what knowledge I have of the markets with other folks around the world is something that comes natural to me and I enjoy. When I was in the trading pits in Chicago, I had a number of mentors who helped me achieve success and I said to myself that one day, I would like to give back to a business that has been so good to me. Thanks to the Internet and my business partner, Dave Maher, and the amazing staff that I have the privilege of working with everyday, I am able to fulfill the promise I made to myself many years ago.

I thank God everyday for all the blessings I have received. I am also thankful for having a voice and a platform to share INO.com and our MarketClub tools with a world wide audience. Helping investors become better investors is our main mission. If we do that well, everything else takes care of itself.

Bryan, I hope this answers your question of why I do what I do.

All the best to you and good trading,

Adam

Forget OPEC, North American Energy Plays Bring Profits Home

Posted on by admin

The Energy Report: Byron, welcome. You recently attended the Platts Conference in London, which addressed shifting energy trade patterns in light of growing U.S. export prospects and dwindling exports from South America and Africa. Has OPEC's role diminished?

Byron King: The short answer is yes. OPEC is struggling right now. The Middle East, the West African producers and Venezuela are struggling. The West African players and Venezuela have seen exports to the U.S. decline dramatically. In countries like Algeria, oil exports to the U.S. are essentially zero, while Nigeria's exports to the U.S. are way down. The oil these countries export tends to be the lighter, sweeter crude, which happens to be the product that is increasing in production in the U.S. through fracking.

The east-to-west trade pattern for oil imports to the U.S. has essentially gone away. This does not mean that the oil goes away. It means these countries have to find new markets for their oil which they are doing, in India and the Far East. But that disrupts trade patterns as well. Imports from the Middle East to the U.S. are falling as well. These barrels tend to be the heavier, sourer crude that U.S. refineries are geared to process. Continue reading "Forget OPEC, North American Energy Plays Bring Profits Home" →