Rohit Savant Expects the Gold Bull Market to Pause in 2013

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The Gold Report: Rohit, in a recent interview you said gold is "not a guaranteed safe haven." In your view, what are effective ways to preserve capital?

Rohit Savant: If you're talking about preserving capital, it depends a great extent on your timeframe and your risk appetite.

"When the fiscal cliff debate intensifies as we get closer to the deadline, we may see the gold price rise in response."

If you're looking at the short term and want no fluctuations in your principal, the best way to preserve it would be either certificates of deposit or T-bills and hope that inflation doesn't rise significantly.

But if you are looking at the longer term and are willing to take some ups and downs in your capital, a better way of preserving or increasing your capital would be investments in equities, real estate and gold. You could reduce the risk a bit by purchasing dividend-paying equities.

TGR: Do you believe gold is an effective way to preserve capital?

RS: Over the long term, it is. In the short term, you are going to see fluctuations in prices.

TGR: What range do you expect gold to trade in through the first half of 2013? Continue reading "Rohit Savant Expects the Gold Bull Market to Pause in 2013" →

Chart to Watch - Natural Gas

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Natural Gas (NG.H13.E).

This week let's take a look at Natural Gas.

The Natural Gas chart put in a monthly green MarketClub Trade Triangle in July and the monthly Triangle has stayed green since.

The red and green weekly MarketClub Trade Triangles since July show the bull swings and counter trend corrections in the larger up trend.

Natural Gas may have put in a correction low for the current counter trend correction. Continue reading "Chart to Watch - Natural Gas" →

New Video: The Fiscal Cliff is Looming

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 21st of December.

The markets have made a sharp move lower today. The pullback reflects renewed concerns that the U.S. could be pushed over the looming fiscal cliff. While optimism about a potential budget agreement helped to drive stocks higher earlier in the week, traders are expressing renewed concerns about the fiscal cliff following the latest developments in Washington.

The Commerce Department said durable goods orders increased by 0.7 percent in November following a 1.1 percent increase in October. Economists had expected orders to increase by 0.5 percent, matching the increase that had been reported for the previous month.

Excluding a 1.1 percent drop in orders for transportation equipment, durable goods orders surged up by 1.6 percent in November compared to a 1.9 percent jump in October.

The Commerce Department also released a separate report showing a much bigger than expected increase in personal income in November.

Let's see what the Trade Triangles say about the markets today.

Every Success,
Jeremy Lutz

Click Here to view today's video

Poll: Retail store or online?

Posted on by The INO.com Team

I've always been the guy who waited until the last possible minute to finish my Christmas shopping which usually meant Christmas Eve. This year I decided to do most of my shopping online with a few stops at local retail stores sprinkled in. Now that my Christmas shopping is done I thought about how my shopping habits have changed and thought. How many of our members/readers use online shopping vs. brick and mortar retail locations?

How did you do your hoilday shopping this year?

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Please leave a comment with your thoughts and don't forget to vote.

Happy Holidays,
Jeremy

Byron King's Shocking 2013 Predictions

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The Energy Report: Let's start with a recent takeover deal that's been getting a lot of criticism in recent weeks. Freeport-McMoRan Copper Gold Inc. (FCX:NYSE) made a $9 billion takeover offer for the oil and gas explorer McMoRan Exploration Co. (MMR:NYSE) and Houston-based Plains Exploration Production (PXP:NYSE). Are you happy with this deal?

Byron King: It came as a surprise. I've held McMoRan Exploration in Energy Scarcity for about two years. I like what McMoRan is working to do with deep gas in the Gulf of Mexico. Still, I recommended that readers take their money off the table with this deal. Sell the shares, take the cash and we'll find other opportunities.

McMoRan Exploration nearly doubled after the Freeport announcement, going from $8 to $15 per share. You can't walk away from that kind of potential gain. Take your money, pay your taxes at the lower 2012 rates and do something else with the money next year.

There's another angle to this takeover. Freeport and Plains together already own about 36% of McMoRan. There are a lot of ties here, between key individuals. I think this deal was driven by the impending tax changes next year. Freeport, the copper play, is borrowing a lot of money to fund this whole process. Fortunately, interest rates are very low, so it's borrowing cheap to do a big takeover, which will give a lot of people a really sweet payday, and they'll get to pay capital gains taxes at much lower rates this year than if they wait until January 2013.

TER: James "Jim Bob" Moffett, who founded McMoRan, is also paying himself. He was a significant shareholder in McMoRan Exploration. He's taking from his left pocket to put it in his right pocket. Continue reading "Byron King's Shocking 2013 Predictions" →