Category: General

Friday Poll: Has Gold lost its luster?

Posted on by The INO.com Team

gold barsGold futures fell to a six-month low after Federal Reserve Chairman Bernanke says the U.S. economy is recovering, easing pressure for more stimulus measures by the U.S. Government.

Another blow to Gold was the announcement that Billionaire investors George Soros and Louis Moore Bacon cut their stakes in exchange-traded products backed by gold last quarter as futures dropped the most in more than eight years.

With these big investors bailing out on Gold we wanted to know.....

What will you do with your Gold positions today?

View Results

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Please take a moment to vote on the poll and leave a comment with thoughts on Gold.

Every Success,
Jeremy

Chart to Watch - BIOF

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 BioFuel Energy Corp. (BIOF).

As always I hope you are having a GREAT week !

This week let's take a look at BIOF, a lower priced stock, that looks to have great upside potential.

BIOF made an explosive rally off the last lows, and has since traded lower and consolidated. Continue reading "Chart to Watch - BIOF" →

Chris Ecclestone: Gold Will Fall, Time to Switch to Specialty Metals?

Posted on by admin

The Metals Report: Christopher, you believe that the market will recover in 2013. Why?

Chris Ecclestone: We'll have a different type of recovery than we've had in the past, when everything was driven by the financial industry and house price inflation. The U.S. keeps driving along the edge of the cliff like Thelma and Louise, but never actually going over.

I get the feeling that there will inevitably have to be a recuperation. The ducks are in the row now for an industrial recuperation probably a construction-led one. I'm not talking about a rip-roaring recovery, but there is such a delicate balance in base metals between supply and demand that it doesn't take much recovery to vacuum up lingering stocks and tip the markets back into a deficit situation again.

TMR: The Dow Jones Industrial Average is a couple of hundred points away from its all-time high. Do you get the sense that retail investor sentiment has changed? Continue reading "Chris Ecclestone: Gold Will Fall, Time to Switch to Specialty Metals?" →

What an American-US Airways merger means for you

Posted on by The INO.com Team

While American Airlines (AAMRQ) and US Airways (LCC) announced plans to merge Thursday, it will be several months if not years before passengers see any significant impact.

Passengers with existing tickets on American or US Airways and members of both frequent flier programs shouldn't fret. No changes will come anytime soon.

American's parent company, AMR Corp., is still under bankruptcy protection and will need the court to approve the deal. US Airways shareholders will also have to vote for a merger. Then the Department of Transportation and the Justice Department must sign off. Finally, once a deal closes, the new company could operate two separate airlines for a number of years.

When the airlines finally do merge, here's what passengers can expect: Continue reading "What an American-US Airways merger means for you" →

A Classic Impulse Wave in General Electric

Posted on by The INO.com Team

Explore the rules, guidelines and Fibonacci multiples of impulse waves

By Elliott Wave International

Impulse waves are an integral part of the Wave Principle. Understanding their rules, guidelines and Fibonacci multiples will improve your application and your ability to identify high-confidence trade setups.

There are three rules that govern impulse waves:

  1. wave two may never retrace more than 100% of wave one;
  2. wave three may never be the shortest impulse wave of waves one, three and five. It does not have to be the longest, but it may never be the shortest; and
  3. wave four may never end in the price territory of wave one. Continue reading "A Classic Impulse Wave in General Electric" →