New Video: Never Again In Our Lifetime, 12/12/12

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Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 12th of December.

12x12 = 144, A FIBONACCI NUMBER?
Never again in a lifetime are we going to see 12/12/12. Is 12/12/12 an omen for something greater to come or perhaps some pending disaster (Fiscal Cliff)? That remains to be seen, but for now let's just marvel at the fact that we are living through history, with a once in a lifetime date of 12/12/12.

TO BE OR NOT TO BE? THAT IS THE QUESTION ON THE "FISCAL CLIFF"
I would very much doubt that we are going to see the "Fiscal Cliff" resolved in 2012. I would probably be happy if the politicians could come to an agreement any time in the first quarter of 2013. As you know, perhaps better than myself, politicians being politicians are likely to kick the can down the road again in December.

TIME TO LOOK AT APPLE?
There's no doubt about it, Apple's perilous fall from grace shook many money managers in Q4. And it's doubtful that we will see Apple regain its former star stature any time soon. We believe that this stock is best looked at in the first quarter of 2013. Continue reading "New Video: Never Again In Our Lifetime, 12/12/12" →

A Critical Year in Review: What's Next?

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China's export quotas triggered the investment rush for rare earth elements (REEs). John Kaiser of Kaiser Research Online summarized the first chapter of the REE story in his no-nonsense April 24 interview, "Rare Earth Juniors Have a Five-Year Window."

John Kaiser: Historically, REE prices have been very low due to China's abundant resources and its ability to produce them very cheaply. China is aware that it could become the world's biggest polluter when its economy eclipses that of the U.S. China is very concerned about making sure it has the raw materials on hand to assure its clean-energy future. The supply restrictions China introduced a couple of years ago were part of a campaign to clean up and consolidate its high-pollution industries. Those restrictions resulted in spectacularly high REE prices for export and substantially higher prices within China. Since July 2011, the drop in demand and China's inability to control smuggling resulted in a pullback in REE prices. To some degree, I think China wants its monopoly to end. China's ambitions go far beyond squeezing a few profits out of a market it controls. Continue reading "A Critical Year in Review: What's Next?" →

Stocks gain on budget talk optimism, Fed stimulus

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The stock market showed signs of life Tuesday following hopeful signs of progress in budget talks being held in Washington. The Standard & Poor's 500 had its biggest gain this month.

The Dow gained 78.56 points to 13,248.44, after climbing as much as 137 points earlier. The Standard & Poor's 500 index finished up 9.29 points at 1,427.84. Both the Dow and the S&P have risen for five straight days.

The Nasdaq composite ended up 35.34 points at 3,022.30.

Delta Air Lines rose 52 cents, or 5.1 percent, to $10.66 after the company said it will buy almost half of Richard Branson's Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market.

AIG gained $1.90 to $35.26 after the U.S. Treasury Department said it has sold the rest of its stake in the insurer. AIG was bailed out by the government after nearly collapsing during the 2008 financial crisis. Continue reading "Stocks gain on budget talk optimism, Fed stimulus" →

New Video: Delta takes off

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 11th of December.

Airline stocks are turning in some of the market's best performances in today, with the NYSE Arca Airline Index up by 1.7 percent. With the gain, the index has risen to its best intraday level in well over a year.

Delta Air Lines (DAL) has helped to lead the sector higher, jumping by 5.9 percent after announcing a deal to acquire a 49 percent stake in Virgin Atlantic for $360 million.

The markets have also benefited from some upbeat German economic data as well as optimism about the looming fiscal cliff.

A report from the Center for European Economic Research showed a bigger than expected improvement in German investor confidence. The report showed that the expectations index climbed to a positive 6.9 in December from a negative 15.7 in November, turning positive for the first time since May. The current conditions index edged up to 5.7 from 5.4.

Positive sentiment has also been generated by a report from the Wall Street Journal indicating that negotiations between the White House and Republican House Speaker John Boehner have progressed steadily in recent days.

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

Every Success,
Jeremy Lutz

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Peter Grandich: What a Turnaround in Junior Gold Mining Stocks Will Look Like

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The Gold Report: Peter, when we talked in the spring, you were essentially all in on a number of junior resource equities that were trading at what you believed were at or near their lows. Have you changed your course of action or are you still all in?

Peter Grandich: I am still on course. While 2012 may not have been the worst junior resource market by percentage losses, given the prices of metals now versus other markets and other market conditions compared to last year, it was the worst bear market since I entered Wall Street in 1984.

I've been in this market since the late 1980s, when it felt that if gold could just get over $400/ounce (oz), all would be well in the junior market. Now gold is at an average price of $1,600-something for the year, yet most companies did not do well. It is befuddling.

TGR: We are not far from exiting 2012. What is your perspective on the junior precious metals sector heading into 2013? Continue reading "Peter Grandich: What a Turnaround in Junior Gold Mining Stocks Will Look Like" →