Category: General

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report

Two words can best define the sentiment of most major markets over the last few days of trading……..RISK ON.

Monday through Thursday last week saw disappointing news in the United States and abroad that dragged on almost everything outside of the US Dollar and the US Treasuries. There were no positive reports in Europe, China, or Japan. Furthermore, things are escalating quickly in Israel and dragging on global sentiment. Lastly, the United States put the blame on Hurricane Sandy after huge misses in the Initial Claims and Philly FED Report. There was also continued pressure on the markets as all major news outlets anticipated the outcome of the Fiscal Cliff debates in Washington. That is, until Friday……… Continue reading "Gold Chart of the Week" →

Beyond the "Spotlight"

Posted on by The INO.com Team

The GBE Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.

Highlighting This Week’s Potential Breakouts:

December 2012 Australian Dollar

The December 2012 Australian Dollar contract closed at 1.0305 below a lower trend line on November 15. There are three touches on the lower trend line at 1.0089 (10/08/12), 1.0191 (10/23/12), and 1.0340 (11/14/12). In the same November 15 trading session the MACD Indicator crossed over to a bearish signal; the Stochastic indicator crossed over earlier in the week. The market is currently trading below a 20 day exponential Moving Average but right at the 50 day Moving Average. The Trend Seeker (a US Chart Company tool to help identify market trend) is still Up. It appears the market will need further downside movement for the trend to flip bearish to confirm a short entry. The ADX is at 14.05 showing signs of a lack of Momentum currently. A break of a support line consisting of lows at 1.0095 (7/27/12), 1.0077 (9/05/12), and 1.0089 (10/08/12) can see prices break the 1.000 level and test the twelve month low of .9545 (6/01/12). Continue reading "Beyond the "Spotlight"" →

U.S. Budget hopes shore up markets

Posted on by The INO.com Team

Optimism over the progress of crucial U.S. budget talks combined with hopes that Greece will finally get its next batch of bailout cash to shore up markets Monday in spite of concerns over the fighting in the Middle East.

The advance followed a rebound late Friday amid signs that President Barack Obama and leaders of Congress were making headway in their efforts to agree a budget deal by the end of the year. Without a settlement, the U.S. faces the "fiscal cliff" of tax increases and spending cuts _ a scenario that some analysts say could knock around 5 percentage points off the U.S. economy, seriously derailing the global recovery.

"Hope that U.S. politicians can avoid the fiscal cliff has been gaining traction over the weekend after lawmakers expressed confidence that they can reach a deal," said Jane Foley, an analyst at Rabobank International. "Clearly if an agreement is reached the U.S. should be able to avoid be plunged back into recession early next year." Continue reading "U.S. Budget hopes shore up markets" →

Is There Wisdom in the Crowd?

Posted on by The INO.com Team

Back in the 1960s, a clever but financially disadvantaged fellow placed a small ad in a national magazine that read something like: Money needed. Please send $1 to the address below. Do it today! No specific need was given, and nothing was promised in return, so that fraud could not later be charged.

Yet within a few months, thousands of dollars arrived in his mailbox, a considerable sum in those days. Or so the urban legend goes.

P2P Money

A half-century later, many things have changed, but one thing remains unchanged: People still need money, and they have not ceased to innovate ways in which to get it.

We have written extensively in this space about many of the P2P Internet connections that are transforming the planet... in commerce, in education, in the job market, and with business and social networking. The list of possibilities is truly endless. For yet another example, the world of money has been given a Red-Bull jolt by a fast-growing phenomenon known as "crowdfunding." Continue reading "Is There Wisdom in the Crowd?" →

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.

Precious Metal Futures-- The precious metals in New York this week are slightly lower ending on a negative note this Friday afternoon with gold down $1 dollars at 1, 714 an ounce, down $16 for the trading week still trading below its 20 day moving average of 1, 713 and still trading significantly above its 100 day moving average at 1, 682 still kind of stuck in a sideways trend. Gold futures are still 5% below the contract highs in the December contract which happened on 2/29/12 at 1, 801 an ounce and has been trading in the high 1600s the low 1700s for several weeks now despite the fact that there could be a fiscal cliff coming up in about 45 days which generally would push up prices as a flight to quality, however this week that was not the case as investors basically are selling everything. Silver futures for the week were only down about $.30 currently trading at 32.32 an ounce down about $.35 this Friday afternoon still stuck in a sideways non-trendy pattern while trading above its 20 and 100 day moving average and I’m advising traders at this point to sit on the sidelines in silver and gold because there really is no trend in sight. Continue reading "Weekly Futures Recap With Mike Seery" →