Be careful who you do business with.

Posted on by The INO.com Team

Be careful who you do business with.

In the last few years, there have been several major meltdowns in the financial area that directly impacted individual investors and charities. I'm hoping these thoughts of mine will help you do business with the good guys on the street and not the bad guys. It is very important to know who you are doing business with.

When I started my career on the floor of the exchange in Chicago, my word was my bond. It is still the same way today.

So, how do you go about protecting yourself and your money? If you're thinking of trading in the futures markets, you should first check with the Commodity Futures Trading Commission (CFTC). For stocks and options, the place to go is the Securities Exchange Commission (SEC). If a company that you're thinking of doing business with has had an excessive number of complaints filed against that firm, do not do business with that firm.

Now it's possible that every firm will have a few complaints against it, that is the nature of the business. As people get upset or angry with a particular broker, they will file a complaint. Be on the lookout for an excessive number of complaints, and consistent complaints. If you see that pattern don't do business with that company.

You work hard for your money and you should get the best possible service. You should get the satisfaction that you are doing business with a company that has a great deal of integrity. I invite you to take a minute and view this video, showing how our company gives every subscriber a 5-part guarantee.

Sincerely,

Adam Hewison
Co-Founder of MarketClub.com

P.S. Here is what I hope are the last three bad guys we see in the brokerage business.

(1) Peregrine Financial Group CEO Russell Wasendorf admitted to committing fraud in a suicide note. The amount of money in question could come to tens of millions of dollars, according to the federal indictment. Russell Wasendorf, survived his suicide attempt and  is waiting to be sentenced

(2) MF Global Holdings Ltd, formerly known as Man Financial, was a major global commodities brokerage firm.  On the day of MF Global's bankruptcy, a Bloomberg reporter wrote "Jon Corzine’s risk appetite helped destroy his firm.According to a trustee liquidating the company after its collapse, the losses incurred by customers of MF Global stood at $1.6 billion. The vast majority of these funds have not been returned to customers. So far no criminal charges have been filed against Jon Corzine. Not sure why that is, and why he is not in jail.

(3) Here's the granddaddy of them all, Bernard Lawrence "Bernie" Madoff lost investors some $17.5 billion and is serving a lifetime in jail.

Christopher Welch: Searching for a Perfect 10

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The Gold Report: Chris, the lifeblood of your business is financing. What's your read on the appetite for junior financings compared to earlier this year?

Christopher Welch: The appetite for high-quality projects in the mining space is basically the same as it was in early 2012. However, in the current environment, where share prices are a bit depressed, it's getting harder to match investors with companies at share prices that are acceptable to both parties.

Aureus Mining Inc. (AUE:TSX; AUE:LSE) is conducting a big fundraising for its New Liberty mine in Liberia, which is positive news demonstrating there are green shoots in the equity space for West African gold, which is encouraging. We're optimistic that there will be more deals done in the near term.

TGR: There's been some instability in Mali, which stemmed from instability in Libya in part, and now there's growing religious tension in Nigeria. Does West Africa remain as stable as you once believed it was? Continue reading "Christopher Welch: Searching for a Perfect 10" →

Forget about the Fiscal Cliff and Europe

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 13th of November.

Forget about the Fiscal Cliff and all of the problems in Europe. At the moment the complexity of the different economic forces is more convoluted than any one brain can figure out. The good news is, the reality of the market will tell you what it wants to do longer term, and that as a trader is what's important and the one message to listen to.

Some of the best paid minds in the business are paid to figure out this problem for you. All you have to do is listen to what the market is telling you through our Trade Triangle technology.

The theory and the reality of Trade Triangle technology is that big money must make a move in order to protect and grow its own capital. That means that big money, i.e. big positions, have to move in or out of a market, and that's where our Trade Triangles shine. Big money has to make its footprint known in the market, it cannot avoid this one simple fact because of its size. Price action is the number one indicator of trends in big liquid markets. Continue reading "Forget about the Fiscal Cliff and Europe" →

Most in U.S. won't be able to escape 'fiscal cliff'

Posted on by The INO.com Team

Everyone who pays income tax _ and some who don't _will feel it.

So will doctors who accept Medicare, people who get unemployment aid, defense contractors, air traffic controllers, national park rangers and companies that do research and development.

The package of tax increases and spending cuts known as the "fiscal cliff" takes effect in January unless Congress passes a budget deal by then. The economy would be hit so hard that it would likely sink into recession in the first half of 2013, economists say. Continue reading "Most in U.S. won't be able to escape 'fiscal cliff'" →

How Dangerous Is Genetically Modified Food?

Posted on by The INO.com Team

Last month, a group of Australian scientists published a warning to the citizens of the country and of the world who collectively gobble up some $34 billion annually of its agricultural exports. The warning concerned the safety of a new type of wheat.

As Australia's number-one export, a $6-billion annual industry, and the most-consumed grain locally, wheat is of the utmost importance to the country. A serious safety risk from wheat – a mad wheat disease of sorts – would have disastrous effects for the country and for its customers.

Which is why the alarm bells are being rung over a new variety of wheat being ushered toward production by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) of Australia. In a sense, the crop is little different than the wide variety of modern genetically modified foods. A sequence of the plant's genes has been turned off to change the wheat's natural behavior a bit, to make it more commercially viable (hardier, higher yielding, slower decaying, etc.). Continue reading "How Dangerous Is Genetically Modified Food?" →