Gold & Silver: History May Repeat

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


People record history from ancient times only to find that nothing is new in this world and everything repeats in cycles, waves, high and low tides, and therefore it is quite useful to have those historical records to project the future as it is another human propensity.

It is always a big challenge to be the first in doing something as you face uncertainty, and those who go next can learn from the achievements and mistakes of the pioneers. A few days ago, my eyes caught an interesting similarity in the chart history of gold’s price, which could give us a clue of an upcoming price development and I am happy to share it with you below.

As you may already notice from time to time I post different experimental charts, which use a variety of uncommon approaches in analyzing the markets to expand the scope of our vision. In this post I used the clones of the historic moves, which could shed light upon future moves.

I squeezed the charts to let both legs of the current upside move to fit in the snapshots, that’s why I would recommend you to open both graphs in a separate window for a comfortable view. Continue reading "Gold & Silver: History May Repeat" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Crude Oil Futures

Crude oil futures in the May contract settled last Friday at 50.60 a barrel while currently trading at 52.10 up about $1.50 for the trading week spiking higher in today's action due to the bombing in the country of Syria sending the precious metals and energies higher. Syria is not a major player in oil as I had witnessed this before in 2013 as prices rallied sharply off of Syria using chemical weapons on their own people only then to sell off sharply in the weeks ahead, so I'm not convinced about this rally as I'm currently sitting on the sidelines. The chart structure in crude oil is poor at present as prices are at a 4 week high while trading above their 20 and 100-day moving average telling you the short-term trend is higher. However, the risk/reward is not in your favor so that I will look at other markets with a better monetary scenario. Crude oil prices have rallied about $5 over the last 2 weeks as this market really has gone nowhere over the last 6 months as oversupply issues continue to keep prices at bay.
TREND: HIGHER
CHART STRUCTURE: POOR
Continue reading "Weekly Futures Recap With Mike Seery" →

The Only Way I Would Play The IPO Market

Posted on by Matt Thalman

Matt Thalman - INO.com Contributor - ETFs


With the recently highly hyped Snap Inc. (NYSE:SNAP) initial public offering, I was once again reminded why I don’t attempt to buy into IPO's.

While big name company's first offer their stock to the general public, its call an initial public offering, or an IPO. While there are a number of issue's with buying stocks the first day they start trading, the biggest one is the hype!

The hype surrounding a big name IPO, such as Snap, Facebook, or Twitter to name a few, is that the demand for shares outweighs the supply on the first day of trading. Millions of people want shares and most fear if they don’t get them early, they will miss a big move higher. This hype and fear frenzy often causes shares to skyrocket in the first minutes to hours of trading. Snap for example rose 45% on day one.

But, after the hype fades, so will the stock price. The demand declines to the point that those looking to sell have to be willing to part ways with their precious shares for much less than they sold for on day one. Snap fell 27% on its second day of trading. Continue reading "The Only Way I Would Play The IPO Market" →

Mixed Employment Report Befuddles The Market

Posted on by The INO.com Team

Hello MarketClub members everywhere. The markets are flat heading into the close of trading today. The cause? The U.S. economy added 98,000 jobs last month vs. the expected gain of 180,000. Wage growth was not as strong either, with average hourly earnings up by 2.7 percent on an annualized basis. However, the unemployment rate fell to 4.5% from 4.7%.

Futures and Treasury yields slipped after the jobs report was released, with the 10-year note yield briefly dipping below 2.3 percent to hit its lowest level since late November.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "Mixed Employment Report Befuddles The Market" →

So You Still Think The Fed Doesn't Need Oversight?

Posted on by George Yacik

George Yacik - INO.com Contributor - Fed & Interest Rates


After this latest episode involving the disgraced Federal Reserve Bank of Richmond President Jeffrey Lacker, who resigned for being less than truthful in the Fed’s probe of a leak to an analyst five years ago, are there still some people – outside the Fed, that is – who still believe the central bank is above the law and shouldn’t have to answer to Congress?

If you haven’t heard by now, Lacker – who was slated to resign later this year anyway – suddenly stepped down as the head of the Richmond Fed after he admitted to speaking to an analyst at Medley Global Advisors in 2012 the day before it published a report that contained confidential information about Fed policy discussions. You might remember that the leak, when it first came to light several years ago, “sparked a criminal investigation, prompted outrage on Capitol Hill and deeply embarrassed the Fed,” as the Wall Street Journal reported. Continue reading "So You Still Think The Fed Doesn't Need Oversight?" →