Category: General

Housing figures shore up markets

Posted on by The INO.com Team

Strong U.S. housing figures helped stocks remain in positive territory on Wednesday after an earlier bout of optimism in the wake of further stimulus measures from the Bank of Japan ran out of steam.

The market mood picked up after the National Association of Realtors revealed that sales of previously occupied homes jumped in August to the highest level in more than two years. Sales were up 7.8 percent at a seasonally adjusted annual rate of 4.82 million, the most since May 2010, when sales were fueled by a federal home-buying tax credit.

The existing home sales figures came hot on the heels of fairly solid housing starts figures for August and fueled hopes that the U.S. housing market is on the mend. A more robust U.S. housing market is considered a key requisite for the economy to rebound. Continue reading "Housing figures shore up markets" →

Legalized Plunder

Posted on by The INO.com Team

“Legalized Plunder – Why we have all been had, fooled and deceived…. and the surprising reason we keep asking for more of the same bad medicine”

Author G Edward Griffin was pilloried from all sides when his book The Creature from Jekyll Island was first published in 1994.

18 years later, when prediction after prediction has come true, and Griffins claim that we are in the middle of enormous changes to society that will affect your lifestyle, your livelihood and your financial wellbeing are playing out every day, people are taking notice.

Last week in his candid video interview with Caseys Research’s Louis James. Griffin talked about the book, his thoughts on the ominous slide towards a totalitarian state and where he feels we are heading. From here on in. Continue reading "Legalized Plunder" →

Most active New York Stock Exchange-traded stocks

Posted on by The INO.com Team

I thought I would share this cool list that the AP puts out every day. I find it to be a useful tool - Jeremy

(AP:NEW YORK) A look at New York Stock Exchange 10 most-active stocks at the close of trading:

Advanced Micro Devices Inc. fell 9.7 percent to $3.62 with 79,444,500 shares traded.

American International Group fell 1.0 percent to $34.40 with 24,988,300 shares traded.

Bank of America Corp. fell .8 percent to $9.23 with 145,339,200 shares traded. Continue reading "Most active New York Stock Exchange-traded stocks" →

It's All out the Window Now

Posted on by The INO.com Team

In the run up to Thursday’s FOMC announcement of open ended ‘asset’ (mortgage debt) purchases, ZIRP extension and Twist continuation, NFTRH had been using the average US presidential election cycle, sentiment backdrop and of course technical analysis to stay bullish (with associated rising risk profile).  We had incorrectly minimized the potential for QE right here and now in the interest of not running with an increasingly over bullish herd and with respect to risk management.

Well, that is all out the window now because the US has apparently conspired with Europe to jointly enter the currency depreciation sweepstakes with the US springing out of the gate to a healthy lead.  Sentiment is becoming dangerous, speculation is breaking out and liquidity warning indicators like the Gold-Silver ratio, US dollar, US Treasury Bonds, TED Spread and LIBOR have all been dispatched on a southward journey in the interest of greed, speculation… and desperation.  This is the moment of maximum hubris by Ben Bernanke and powerful policy makers the developed world over. Continue reading "It's All out the Window Now" →

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 (9-17 though 9-21)

Last week brought the final piece of news that the Gold Market needed to not only continue a campaign higher, but also to put the “Gold Bugs” comfortably in the drivers seat. For anyone that trades, owns, or simply follows the price of Gold, the FOMC announcement to bring back Quantitative Easing was very big news.

In short, the FED decided to reinstitute a plan that will involve printing more US Dollars and purchasing debt. They recognized that since late February when QE2 was halted, overall market sentiment had gone cold. The job market has suffered, the real estate and mortgage market has gone flat, overall market sentiment has not improved, and this has left major markets dangerously low in volume. Continue reading "Gold Chart of the Week" →