Daily Video Update: Hello Q4, Hello gold, and goodbye Dollar

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 1st of October.

The first day of October started dramatically with the price of gold shooting to its best levels in almost a year. We consider this to be a real indicator of peoples' fears about what's going on both in Europe, and more importantly the United States. Technically we have been bullish on gold, based on our Trade Triangle technology and we are holding onto all our long positions. We believe that gold will surpass the $2,000 an ounce mark in the not-too-distant future.

We also want to pay close attention to the crude oil market, as we believe this market can put in a strong performance in Q4. Equities are still in a bullish phase and we are targeting the S&P 500 to move to $1,550 some time next year.

Don't rule out further strength in the Euro. No matter what the problems are in Europe, we may have bigger problems here in the US.

Inflation Watch: A move over $320 on the Reuters/Jeffries CRB Index will be a sure sign that inflation will be coming on strong in 2013.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.

Click Here to view today's video

John Mauldin's Prescription for Avoiding Economic Catastrophe

Posted on by The INO.com Team

Best-selling author John Mauldin of Mauldin Economics says the EU is only left with choices that range from bad to disastrous. Meanwhile, Republicans and Democrats will have to hold hands and walk off the cliff together to solve U.S. economic problems. In this exclusive Gold Report interview, Mauldin expands on his comments at the Casey Conference, "Navigating the Politicized Economy." Read more about the consequences of those choices and necessary compromises—and how he would reform the U.S. tax code.

The Gold Report: Back in January you said the European Union (EU) would have to make serious political decisions with "major economic consequences" in 2012. Is the EU making those decisions and what is your prognosis?

John Mauldin: It is doing its best to avoid making decisions, but is being forced to make them, ad hoc. The EU allowed the European Central Bank (ECB) to print money to monetize debt. The ECB is buying time for governments to achieve structural reform.

Structural reform, not the debt, is the problem. The debt is a symptom of bad policies, of a system set up for failure. The EU translated a theory into fact, and the theory did not work.

TGR: Is that theory the EU itself?

JM: The theory is the monetary union. If the EU had just left the trade union alone without trying to layer the monetary union on, it would have been just fine. But the EU wanted a single currency. It was part of the Europhiles' dream. The EU thinks the monetary union is the sine qua non and it is not. Continue reading "John Mauldin's Prescription for Avoiding Economic Catastrophe" →

Chart to Watch

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 December Cocoa (CC.Z12.E). I hope you had a GREAT week !

This week let's take a look at December Cocoa.

The monthly MarketClub Trade Triangle is green which means the longer term monthly time frame is bullish.

The weekly MarketClub Trade Triangle is red which means the weekly time frame is bearish. Continue reading "Chart to Watch" →

Alex Daley: The Greatest Growth Sector in the World

Posted on by The INO.com Team

Genome sequencing has gone from a cost of $3 billion to $10,000 – within just nine years, says Alex Daley, Chief Technology Investment Strategist at Casey Research. And that's only one example of how fast new technologies are now being implemented and made affordable to the public. Watch this eye-opening speech from the just-concluded Casey/Sprott Summit to find out where today's and tomorrow's big investment profits lie, and how you can get your own slice of them. Continue reading "Alex Daley: The Greatest Growth Sector in the World" →

Stocks close the week with a loss

Posted on by The INO.com Team

After showing a strong upward move over the course of the previous session, stocks gave back some ground during trading on Friday. Selling pressure waned as the day progressed, however, and the major averages ended the session well off their worst levels.

The major averages moved roughly sideways going into the close, stuck in negative territory. The Dow fell 48.84 points or 0.4 percent to 13,437.13, the Nasdaq slid 20.37 points or 0.7 percent to 3,116.23 and the S&P 500 dropped 6.48 points or 0.5 percent to 1,440.67.

For the week, the major averages all posted notable losses. The Nasdaq tumbled by 2 percent, while the Dow and the S&P 500 fell by 1 percent and 1.3 percent, respectively. Nonetheless, the major averages all showed upward moves for the month of September and the third quarter. Continue reading "Stocks close the week with a loss" →