Today's Video Update: Holding the euro is like holding an ice cube in the desert

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 28th of March. Which happens to be the last trading day of the 1st quarter.

HOLDING THE EURO IS LIKE HOLDING AN ICE CUBE IN THE DESERT
The only way I can describe the euro is like this... imagine you're in the middle of the desert holding an ice cube and watching it slowly melt through your fingers. That is what's happening to the euro and the euro zone. It is slowly melting away. The Trade Triangles are negative and continue to point to lower levels for the Euro v. the U.S. Dollar. A close around the 128 level will be the lowest close seen for the euro in the last three quarters. Continue reading "Today's Video Update: Holding the euro is like holding an ice cube in the desert" →

U.S. jobless claims jump 16,000 to 357,000

Posted on by The INO.com Team

The number of Americans seeking unemployment benefits jumped by 16,000 last week, the second straight weekly increase. But the longer-term trend in layoffs remained consistent with an improved job market.

Applications increased to a seasonally adjusted 357,000 for the week ending March 23, the Labor Department said Thursday. That's up from 341,000 the previous week, which was revised slightly higher.

The four-week average, a less volatile measure, rose 2,250 to 343,000. Even with the gain, the average is only slightly higher than the previous week's five-year low of 340,750. Economists pay closer attention to the four-week average because it smooths out week-to-week fluctuations. Continue reading "U.S. jobless claims jump 16,000 to 357,000" →

Poll: Cyprus Banks and Your Money

Posted on by The INO.com Team

The banks in Cyprus will reopen tomorrow and let account holders pull up to 300 Euros out a day. I don't know about you, but I'm pretty certain that if I lived in Cyprus I would want to get all on my money out of the bank as soon as I could. We thought we would ask our readers.....

What would you do if you had money in a Cyprus bank?

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Please leave a comment along with your vote. We would love to hear what you think about the banks in Cyprus.

The Gold & Silver Speculator

Posted on by The INO.com Team

Catastrophe in Cyprus: Desperate times call for desperate measures. Euro Troika (IMF/EU/ECB) aims bazooka squarely at depositors & fires: Outright theft and confiscation of private property...disaster ahead?

Despite the strange, absurd sense of normalcy that has somehow prevailed this week, the world is witnessing a horrifying, slow-motion bank robbery in progress. With hostages…lots of ‘em. Or maybe you could say it’s a financial train wreck? However you describe it, it is absolutely revolting in every sense of the word.

By now, you are probably well aware of the inexplicable, sordid details of this state-sponsored attack on the rule of law and confiscation of private property, so I won’t go into great detail about it, but I must say that I am still shaking my head in shock (and disgust) at what the unelected, non-accountable bureaucrats have unleashed upon the world. Continue reading "The Gold & Silver Speculator" →

Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 27th of March.

The Banks in Cyprus Reopen Tomorrow … Now That's a Scary Thought
No matter how the banks reopen tomorrow, it's not going to be pretty. We are expecting to see chaos, fighting, arrests and the media, broadcasting to the world how crowds react when they lose most, if not all, of their money. If you haven't yet read "Extraordinary Popular Delusions and the Madness of Crowds," I highly recommend it. It is a history of popular folly by Scottish journalist, Charles Mackay, first published in 1841. Continue reading "Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought" →