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 October contract are trading higher by 50 cents this Friday afternoon in New York after settling last Friday at 49.11 while currently trading at 47.85 down about $1.50 for the trading week still hovering right near a 7 high. Oil prices are trading above their 20 and 100-day moving average telling you that the short-term trend is higher as I’m currently sitting on the sidelines in this commodity as the chart structure is very poor at present as I’m waiting for the monetary risk to be lowered so I will be patient. The market today reacted off the Federal Reserve’s announcement that they probably will not raise interest rates sending many commodities higher while also sending the U.S dollar slightly lower today as it certainly looks to me that interest rates are going to be low for a long period of time. However, oversupply issues of crude oil is what is hampering this market at the current time. Continue reading "Weekly Futures Recap With Mike Seery" →

Is It Time To Buy Gold Or Equities?

Posted on by The INO.com Team

Hello MarketClub members everywhere. It has been an interesting week, to say the least. The sharp drop in gold caught many traders off guard, but not MarketClub members who were warned based on the Trade Triangles and my video on Wednesday that the sidelines were the best position to have at the moment.

MarketClub's Mid-day Market Report

The question is, should you buy gold now? The answer will be if you are long-term trader it may be a good time to be a buyer, if, on the other hand, you are an intermediate or shorter-term trader it would be best to wait until a green weekly Trade Triangle triggers to be a buyer of gold.

The next question is, should you be buying equities? Continue reading "Is It Time To Buy Gold Or Equities?" →

A Zombie Financial System, Black Swans and A Gold Share Correction

Posted on by The INO.com Team

Bob Moriarty of 321Gold says that since the crash of 2008, the financial system has become a zombie, and he urges investors to pay attention to when they take some money off the table.

Black Swans

The world's financial system died in mid-September of 2008. Since then it has become something out of Night of the Living Dead, in other words, a zombie. Central banks around the world came up with an interesting new concept that you could somehow borrow and spend your way to prosperity. Great concept but it seems to have failed utterly.

We have a zombie financial system now and the world owes more than at any point in history. Most governments are functionally bankrupt yet they want to borrow and spend more in the hopes that if it didn't work before, maybe it will somehow work if they do more of it. Our grandchildren and their children are going to be paying for this monumental stupidity. Continue reading "A Zombie Financial System, Black Swans and A Gold Share Correction" →

How The Natural Gas Storage Glut Has Been Cut This Summer

Posted on by Robert Boslego

Robert Boslego - INO.com Contributor - Energies


The National Oceanic and Atmospheric Administration (NOAA) reports cooling degree day (CDD) data for every seven-day period by state. From that data, they construct a populated-weighted national total.

CDDs are the difference between the daily temperature mean (high temperature plus low temperature divided by two) and 65°F. If the temperature mean is above 65°F, we subtract 65 from the mean.

Example: The high temperature for a particular day was 90°F and the low temperature was 66°F. The temperature mean for that day was: Continue reading "How The Natural Gas Storage Glut Has Been Cut This Summer" →

Quiet Markets Come With A Message

Posted on by The INO.com Team

And the message is "You never sell a quiet market". That is one of those old market adages that has been around forever and for a reason. We'll see what that reason is after Labor day.

The dog days of summer are dragging on as we come to the final five trading days of August. Besides the Italian earthquake a real tragedy, not a lot happened overnight in the markets. This brings me back to quiet markets which we now have, and it appears that they are just biding their time before something happens to get them moving again.

MarketClub's Mid-day Market Report

Indices: All three of the major indices have all of their Trade Triangles in a positive green mode indicating that a strong trend is still in place for each index. Even though each of these indices has been quiet, it does not change their positive long-term trend. I continue to see this group of markets moving higher. Continue reading "Quiet Markets Come With A Message" →