Happy Halloween... Trick or October Pivot 2?

Posted on by The INO.com Team

The run up and aftermath to the FOMC’s QE announcement last month brought a surge of bullish optimism to market players – especially those in the over bought precious metals – that was unsustainable. Enter the predictable October fright fest that has seen big-name US earnings reports routinely punished and sentiment knocked down across the broad markets.  It should be clear to all by now that the US economy is decelerating.

Of course, one look at the Copper-Gold ratio tells that story well enough and has been telling that story since the spring time.  Gold is a counter-cyclical asset that benefits when policy makers are pressured to attempt to compromise their currencies in service to economic growth.  Copper is a cyclical commodity that goes in line with economic growth. Continue reading "Happy Halloween... Trick or October Pivot 2?" →

Daily Video Update: After the bell Amazon and Apple report earnings … Buy or Sell?

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 25th of October.

After the closing bell tonight we have the number one tech company, Apple, reporting their earnings, as well as the number one online consumer company, Amazon, reporting their earnings.

Doubtless the earnings of these two giants will have an effect on tomorrow's market. In today's video we will be looking at both Apple and Amazon and share with you how we are positioned before the earnings are reported. I think you will find how we are positioned might be very contrary to popular opinion.

UNCERTAINTY PERSISTS Continue reading "Daily Video Update: After the bell Amazon and Apple report earnings … Buy or Sell?" →

Doug Casey's Top Five Reasons Not to Vote

Posted on by The INO.com Team

By Doug Casey, Casey Research

L: Doug, we've spoken about presidents. We have a presidential election coming up in the US – an election that could have significant consequences on our investments. But given the views you've already expressed on the Tea Party movement and anarchy, I'm sure you have different ideas. What do you make of the impending circus, and what should a rational man do?

Doug: Well, a rational man, which is to say, an ethical man, would almost certainly not vote in this election, or in any other – at least above a local level, where you personally know most of both your neighbors and the candidates.

L: Why? Might not an ethical person want to vote the bums out?

Doug: He might feel that way, but he'd better get his emotions under control. I've thought about this. So let me give you at least five reasons why no one should vote.

The first reason is that voting is an unethical act, in and of itself. That's because the state is pure, institutionalized coercion. If you believe that coercion is an improper way for people to relate to one another, then you shouldn't engage in a process that formalizes and guarantees the use of coercion. Continue reading "Doug Casey's Top Five Reasons Not to Vote" →

MarketClub TV for 10/24/12: October can be a tough month for stocks

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 24th of October.

For the first time in five months the market is lower for the month by almost 2%. October can be a very cruel month for stocks. Some of the biggest stock plunges in financial history have all occurred, coincidentally, in October.

THE BIG THREE PLUNGES

Oct. 29, 1929, the Dow plunged a substantial 12.8 percent. However, it didn’t stop there.

Oct. 19, 1987, the stock market lost $1 trillion in value in the next few weeks.

Oct. 2008, saw a start of a market melt down. The problems began months before, but October was the worst month. Continue reading "MarketClub TV for 10/24/12: October can be a tough month for stocks" →

Natural Gas Has Sex Appeal: Andrew Coleman

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The Energy Report: In your last interview, you talked about raising price targets on energy sectors and individual stocks with promising reserves and production growth. Is that still your view, or have circumstances changed?

Andrew Coleman: What we're more worried about at this point is that the U.S. economy has been slower to recover than we expected. Meanwhile, the situation in Europe is getting worse and China's growth is slowing. To help us evaluate oil and gas markets in this context, our team here at Raymond James put together a bottom-up supply model looking at the oil shales, which was a follow-up to work the team had done on gas shales a couple of years earlier.

"The forward curve on gas is getting better."

The gas outlook has remained cautious, although not nearly as bearish as it was a couple of years ago. We have, however, become much more nervous on the short-term outlook for oil. We have a $65 per barrel (bbl) forecast for West Texas Intermediate (WTI) and an $80/bbl forecast for Brent for 2013. The forward curve on gas is getting better, and certainly 2013 gas is over $4 per thousand cubic feet (mcf) right now. Oil is our big concern and back in June we downgraded virtually every name that we follow in the EP space to the point where we now have no strong buys in our coverage group. Continue reading "Natural Gas Has Sex Appeal: Andrew Coleman" →