The Numbers Add Up to Vindication for a Cautious Gold Bull...

Posted on by admin

Precious metals expert Michael Ballanger discusses the importance of caution and timing in gold investment.

Back in early March, with the HUI screaming along north of 150, I published "Patiently Climbing Aboard the New Golden Bull," in which I opined that we had entered a brand-spanking-new bull market in precious metals and related equities. But I also noted that, with the Relative Strength Index (RSI) above 85 on the daily SPDR Gold Trust ETF (GLD) and approaching 80 on the daily NYSE.Arca Gold BUGS Index (HUI), the short-term outlook was less than appealing, while the intermediate and long-term outlook was unequivocally bullish for the first time in five long years. Continue reading "The Numbers Add Up to Vindication for a Cautious Gold Bull..." →

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 July contract settled last Friday in New York at 49.33 a barrel while currently trading at 49.00 basically unchanged for the trading week continuing its nonvolatile action still hovering right near the $50 level. Crude oil prices are trading above their 20 and 100-day moving average telling you that the short-term trend is still higher as I've been sitting on the sidelines in this market as I'm possibly looking at a short position in the next week or two as the chart structure is outstanding as prices are stuck in a three-week channel. As a trader I look for risk/reward to be in your favor with outstanding chart structure as that is starting to develop in the crude oil market but at this point you have to be patient and wait for the downtrend to develop as OPEC announced yesterday that they were leaving production unchanged. Generally speaking Continue reading "Weekly Futures Recap With Mike Seery" →

Sterling Set for Strong Rebound In July

Posted on by Lior Alkalay

Lior Alkalay - INO.com Contributor - Forex


Worries over an exit of Britain from the European Union have taken their toll on Sterling. As June 23rd approaches, the day in which Britons will vote to either stay or leave, so does the pressure on the Pound Sterling mount. Media polls are failing to indicate a clear result, and the FX market is getting nervous. And yet, a Brexit seems unlikely and when markets price in the unlikely—even partially—it’s worth taking the other side.

Why A Brexit Still Seems Remote

The risk of a Brexit is mostly economic. Warnings of the financial calamity that could hit the UK have been coming from notable economists from the UK Treasury but the most noteworthy and important warning came from the Bank of England.

The Bank of England Governor, Mark Carney, delivered a stark warning in his latest conference. Carney laid out a rather bleak scenario in case Britons choose to exit the union. The BoE Governor stressed that growth would falter, unemployment would jump and inflation could spin out of control. Continue reading "Sterling Set for Strong Rebound In July" →

3 ETFs To Play The Housing Boom

Posted on by Matt Thalman

Matt Thalman - INO.com Contributor - ETFs


The true pure-play housing stocks have been on a tear lately, as new home construction picks up and industry insiders believe the market could get even hotter as another rate hike is likely in the fall.

In April data indicated that new home sales grew at the fastest rate in eight years. Furthermore, during the earnings conference call for homebuilder Toll Brothers' (TOL), the companies Chairman Robert Toll said that a rate increase could actually help continue spurring demand.

“What you have with a price increase is an increase in demand created because the price has gone up, which by the way may come to us in the summer months this year,” he said. “If the Fed goes up and the mortgage rates go up an eighth or a quarter, it probably means price increases are coming soon, which spurs demand and spurs action. So it's too early yet to tell, but we could be onto something good.”

If higher rates or just the threat of higher rates is going to help the housing industry than now is the time to buy. Over the last few weeks, the Federal Reserve's meeting minutes and a number of Fed members have hinted that rates will likely increase in the fall. To me, that sounds like at least a threat, if not a clear sign that higher rates are coming soon.

So, what should you buy to profit from a strong housing industry? Continue reading "3 ETFs To Play The Housing Boom" →

Did Warren Buffett Get It Wrong With Apple?

Posted on by The INO.com Team

Hello MarketClub members everywhere. After years of avoiding tech stocks and missing the tech boom, legendary investor Warren Buffett purchased through Berkshire Hathaway 9.8 million shares of Apple on May 16th, worth roughly $1.07 billion, according to a filing for the first quarter with the Securities and Exchange Commission.

What's interesting here is hedge fund giant, David Tepper, exited his 1.2 million stake in Apple and in April, Carl Icahn said he no longer holds any shares in Apple.

MarketClub's Mid-day Market Report

So who is right? David Tepper and Carl Icahn for selling their shares of Apple Inc. (NASDAQ:AAPL) Or Warren Buffett for buying the stock? Well, it all begins with your time perspective. In the case of David Tepper and Carl Icahn, they tend to be traders as opposed to Mr. Buffett, who tends to be a long-term investor. Now I can say this about Mr. Buffett; he is not a tech guy and he missed out on the big move in all of the tech stocks. So if you are a long-term investor, it may not be a bad move to buy Apple. If you're more of a trader, then you probably want to be out of the stock of the moment.

Here is my take on Apple. Continue reading "Did Warren Buffett Get It Wrong With Apple?" →