U.S. adds 236K jobs, unemployment falls to 7.7 pct.

Posted on by The INO.com Team

A burst of hiring in February added 236,000 U.S. jobs and reduced the unemployment rate to 7.7 percent from 7.9 percent in January. The strong job growth showed that employers are confident about the economy despite higher taxes and government spending cuts.

The February jobs report issued Friday provided encouraging details: The unemployment rate is at its lowest level in four years. Job growth has averaged more than 200,000 a month since November. Wages rose. And the job gains were broad-based, led by the most construction hiring in six years.

The unemployment rate had been stuck at 7.8 percent or above since September. About half the decline in February occurred because more of the unemployed found jobs. A decline in the number of people looking for work accounted for the other half: People who aren't looking for jobs aren't counted as unemployed. Continue reading "U.S. adds 236K jobs, unemployment falls to 7.7 pct." →

Today's Video Newsletter: 3 New Stocks Join the Bull Parade

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 7th of March.

With the FED pouring $4.25 billion into the system every trading day, it's no wonder that stocks are moving higher. When this artificial demand and false sense of security stops, what will happen to the markets? No one can tell for sure, but we cannot keep pumping money into this market forever. Yesterday, Federal Reserve Bank of Philadelphia President, Charles Plosser, said “We should begin to taper our asset purchases with an aim of ending them before year-end" and he believes that the central bank should slow the pace of its bond purchases because the potential costs from more stimulus outweigh the benefits.

When the FED turns off the money spigot, watch out!! That's when we get to see if the real economy has any clothes on. Until then, happy days are here again and the bull bandwagon is moving higher courtesy of the FED. Continue reading "Today's Video Newsletter: 3 New Stocks Join the Bull Parade" →

Leonard Melman: Are You Prepared for Hyperinflation?

Posted on by admin

The Gold Report: You recently told a crowd of investors at Prospectors Developer Association of Canada (PDAC) that precious metals are the best place to invest in an inflationary period. Why is that?

Leonard Melman: When prices are going up, you wouldn't want to be in housing stocks or auto financing, but you would certainly want to be in precious metals. You also might want to short the bond market. That is why you have to be aware of the direction of inflation. It is important to the concept of precious metals pricing. If you've been around for a few years, as I've been lucky enough to be, then you can easily recall a time when high inflation was the absolute key ingredient in massive previous bull markets. That is why I thoroughly look at what has led to past inflation and hyperinflation. I use four examples: the Roman Empire, the French Revolution in the late 1700s, the German hyperinflation in the 1920s and the recent catastrophe of hyperinflation in Zimbabwe. I examine whether America and other countries in the world are perhaps following the same paths that led to those previous hyperinflations.

TGR: Do you think investors are going to see hyperinflation in the foreseeable future? Continue reading "Leonard Melman: Are You Prepared for Hyperinflation?" →

FBI joins SEC in computer trading probe

Posted on by The INO.com Team

The FBI has joined securities regulators to tackle the potential threat of market manipulation posed by sophisticated computer trading strategies that have taken markets beyond the scope of traditional policing.

FBI agents have joined forces with a new unit within the Securities and Exchange Commission that examines hedge funds and other firms that are using algorithm trading strategies.

The SEC’s Quantitative Analytics Unit is looking at abuses that might arise from the emergence of high-frequency trading firms and the use of dark pool (off exchange) trading. Traders using these methods can manipulate the market by flooding it with quotes, known as quote stuffing, or placing millions of orders that are quickly cancelled, to drive others to trade in ways that benefit their position, a practice known as layering. Continue reading "FBI joins SEC in computer trading probe" →

Today's Video Newsletter: Chavez is dead, the DOW hits new highs, and nobody is cheering

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 6th of March.

Venezuela's oil could be a game changer for this one stock. Hugo Chavez is dead. Venezuela's State run energy, PDVSA, is in shambles. Inflation running at a 25% annually. Venezuela has more oil reserves than Saudi Arabia. And lastly, Venezuela has some of the biggest offshore oil reserves in the world, which brings us to... Continue reading "Today's Video Newsletter: Chavez is dead, the DOW hits new highs, and nobody is cheering" →