Daily Video Update: Is gold becoming the new Apple?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 28th of September.

As we come to the end of the week, and more importantly, the end of the quarter we see gold closing near its highest levels ever on a quarterly basis. So it begs the question, is gold going to become the new Apple for investors?

We think so, and with all of our indicators positive on gold, we believe we will see this market continue its upward trend for the next several months. We would not be surprised to see gold break over the $2,000 level before the end of the year.

It looks like the S&P 500 index is going to have its best closing quarter in 19 months. We would not be surprised to see this market move up on the close, as it is the end of the quarter.

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

The US Dollar and Inflation!

Posted on by The INO.com Team

The US Dollar Index is a measure of the value of the United States Dollar compared to a basket of currencies weighted accordingly:

  • Euro 57.6 % weight
  • Japanese yen 13.6 % weight
  • Pound sterling 11.9 % weight
  • Canadian dollar 9.1 % weight
  • Swedish krona 4.2 % weight
  • Swiss franc 3.6 % weight

The US Dollar typically has an inverse relationship to the other currencies and is traded at the ICE exchange. Post WWII, the US Dollar was tied to the Gold Standard, but today, the dollar is without intrinsic value. It is only valuable in that the US states its value. In recent years the value of the US Dollar may be decreasing due to oversaturation of the currency, low interest rates and the increasing debt in the US. The weaker dollar does typically help boost US exports as the foreign buyers may garnish more for their money when the dollar is undervalued. The US Dollar may also act as a safe-haven product that investors may flock to during times of uncertainty. The investment community may often reference the CFTC Commitment of Traders (COT) report to see the net longs or shorts in the market that week to determine any trends. It is typical to follow the big money in trading. Last week, for example, traders held a net short position in the dollar of $11.4 billion as of September 18th which was one of the largest short position in some time. The allocations shift and traders may follow the allocations. The US Dollar also may trade inversely to Gold which is actually another (hard) currency as well. Continue reading "The US Dollar and Inflation!" →

The Case of the Missing 200 Million Barrels of Oil: Marshall Adkins

Posted on by admin

Supply threats in the Middle East have governments around the world hoarding oil, largely in secret. But it didn't get past Raymond James Director for Energy Research Marshall Adkins, who noticed the 200 million-barrel discrepancy between what was pumped and reported global oil reserves. Where did the missing oil go, and why don't prices reflect this substantial surplus? More importantly, what happens once the reality of an oversupply sets in?—A tough six months, Adkins expects. Read on to find out where you can hide when prices plummet.

The Energy Report: You've written a provocative research report titled "Hello, We'd Like to Report a Missing 200 Million Barrels of Crude." It argues that the global oil inventory should have grown by over 200 million barrels (200 MMbbl) during the first six months of 2012. Where did this oil go? And a better question is, why hasn't this surplus shown up in pricing?

Marshall Adkins: When the U.S., the European Union and the United Nations imposed sanctions against Iran, the world responded by putting oil into storage. China rapidly began filling its strategic petroleum reserves. Saudi Arabia topped off its surface reserves. Iran put oil in the floating tankers. Continue reading "The Case of the Missing 200 Million Barrels of Oil: Marshall Adkins" →

Stocks Move Back To The Upside

Posted on by The INO.com Team

After moving mostly lower over the past few sessions, stocks moved notably higher over the course of the trading day on Thursday. The markets benefited from a positive reaction to the latest developments overseas as well as some upbeat U.S. jobs data.

The major averages gave back some ground in the final hour of trading but remained firmly positive. The Dow rose 72.46 points or 0.5 percent to 13,485.97, the Nasdaq jumped 42.90 points or 1.4 percent at 3,136.60 and the S&P 500 climbed 13.83 points or 1 percent to 1,447.15.

The strength on Wall Street was partly due to optimism about the possibility of further stimulus from China, with reports suggesting that the China Securities Regulatory Commission will take steps to prop up the domestic equity market. Continue reading "Stocks Move Back To The Upside" →

Daily Video Update: Forget politics, forget the news, forget the election... just focus on what the market is doing

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 27th of September.

How can anybody make any sense of this market with all of the conflicting signals in Europe, the looming fiscal cliff, and the upcoming general election?

At MarketClub, we listen to the most important voice of all, the market itself. I'm sure someone has impressed upon you at some point to "be a good listener". It is amazing what you can learn when you just listen to what is being said.

Simplify your life, go with the flow. Go with what the markets are telling you. Right now, they are telling us they want to go higher.

At the moment, the major trend in the all of the US indices is on the upside, so that's the way we are going to be approaching the market until the market tells us that the trend has changed.

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