Genome sequencing has gone from a cost of $3 billion to $10,000 – within just nine years, says Alex Daley, Chief Technology Investment Strategist at Casey Research. And that's only one example of how fast new technologies are now being implemented and made affordable to the public. Watch this eye-opening speech from the just-concluded Casey/Sprott Summit to find out where today's and tomorrow's big investment profits lie, and how you can get your own slice of them. Continue reading "Alex Daley: The Greatest Growth Sector in the World"
Category: General
Stocks close the week with a loss
After showing a strong upward move over the course of the previous session, stocks gave back some ground during trading on Friday. Selling pressure waned as the day progressed, however, and the major averages ended the session well off their worst levels.
The major averages moved roughly sideways going into the close, stuck in negative territory. The Dow fell 48.84 points or 0.4 percent to 13,437.13, the Nasdaq slid 20.37 points or 0.7 percent to 3,116.23 and the S&P 500 dropped 6.48 points or 0.5 percent to 1,440.67.
For the week, the major averages all posted notable losses. The Nasdaq tumbled by 2 percent, while the Dow and the S&P 500 fell by 1 percent and 1.3 percent, respectively. Nonetheless, the major averages all showed upward moves for the month of September and the third quarter. Continue reading "Stocks close the week with a loss"
Daily Video Update: Is gold becoming the new Apple?
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 28th of September.
As we come to the end of the week, and more importantly, the end of the quarter we see gold closing near its highest levels ever on a quarterly basis. So it begs the question, is gold going to become the new Apple for investors?
We think so, and with all of our indicators positive on gold, we believe we will see this market continue its upward trend for the next several months. We would not be surprised to see gold break over the $2,000 level before the end of the year.
It looks like the S&P 500 index is going to have its best closing quarter in 19 months. We would not be surprised to see this market move up on the close, as it is the end of the quarter.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
The US Dollar and Inflation!
The US Dollar Index is a measure of the value of the United States Dollar compared to a basket of currencies weighted accordingly:
- Euro 57.6 % weight
- Japanese yen 13.6 % weight
- Pound sterling 11.9 % weight
- Canadian dollar 9.1 % weight
- Swedish krona 4.2 % weight
- Swiss franc 3.6 % weight
The US Dollar typically has an inverse relationship to the other currencies and is traded at the ICE exchange. Post WWII, the US Dollar was tied to the Gold Standard, but today, the dollar is without intrinsic value. It is only valuable in that the US states its value. In recent years the value of the US Dollar may be decreasing due to oversaturation of the currency, low interest rates and the increasing debt in the US. The weaker dollar does typically help boost US exports as the foreign buyers may garnish more for their money when the dollar is undervalued. The US Dollar may also act as a safe-haven product that investors may flock to during times of uncertainty. The investment community may often reference the CFTC Commitment of Traders (COT) report to see the net longs or shorts in the market that week to determine any trends. It is typical to follow the big money in trading. Last week, for example, traders held a net short position in the dollar of $11.4 billion as of September 18th which was one of the largest short position in some time. The allocations shift and traders may follow the allocations. The US Dollar also may trade inversely to Gold which is actually another (hard) currency as well. Continue reading "The US Dollar and Inflation!"
The Case of the Missing 200 Million Barrels of Oil: Marshall Adkins
Supply threats in the Middle East have governments around the world hoarding oil, largely in secret. But it didn't get past Raymond James Director for Energy Research Marshall Adkins, who noticed the 200 million-barrel discrepancy between what was pumped and reported global oil reserves. Where did the missing oil go, and why don't prices reflect this substantial surplus? More importantly, what happens once the reality of an oversupply sets in?—A tough six months, Adkins expects. Read on to find out where you can hide when prices plummet.
The Energy Report: You've written a provocative research report titled "Hello, We'd Like to Report a Missing 200 Million Barrels of Crude." It argues that the global oil inventory should have grown by over 200 million barrels (200 MMbbl) during the first six months of 2012. Where did this oil go? And a better question is, why hasn't this surplus shown up in pricing?
Marshall Adkins: When the U.S., the European Union and the United Nations imposed sanctions against Iran, the world responded by putting oil into storage. China rapidly began filling its strategic petroleum reserves. Saudi Arabia topped off its surface reserves. Iran put oil in the floating tankers. Continue reading "The Case of the Missing 200 Million Barrels of Oil: Marshall Adkins"
