As promised here is today's caption for the "Amtrak Primary."
What do you think would be the "perfect caption" for this photograph of Senator Ted Cruz?
Here's mine: "Your world is on fire"!
Feel free to leave your caption, but please keep them above board.
For a good chuckle, be sure to read some of the captions from previous Fill In The Caption pictures.
The markets will be watching the Fed closely, looking for the central bank's latest decision on interest rates (although no one expects a change), there's also new GDP estimates for the markets to chew on.
Meanwhile, there are corporate earnings to think over, with Apple headlining a week of major earnings announcements. And, the presidential candidates continue to battle for votes and delegates with 5 states up for grabs on Tuesday. With all of that mind, let's take a look at the markets.
Key levels to watch this week:
S&P 500 (CME:SP500): 2,033.80
Dow (INDEX:DJI): 17,484.23
NASDAQ (NASDAQ:COMP): 4,808.91
Gold (FOREX:XAUUSDO): 1,214.70
Crude Oil (NYMEX:CL.M16.E): 36.57
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
By: Sara Nunnally of Street Authority
The latest rumor around the global water cooler that Russia and OPEC-leader Saudi Arabia have agreed to freeze oil production at January or February levels has been dispelled... for now.
The OPEC leaders meeting in Doha failed to reach an agreement to cap production, with Iran bowing out of the meeting altogether, and refusing to pull back on its oil production. As a result, oil prices took a big tumble. Brent crude fell a harsh 7% on the news. West Texas Intermediate (WTI) fell almost as much at 6.6%.
But does a "no deal" result from the OPEC Doha meeting mean production caps are off the table? Or that OPEC wouldn't seek an alliance outside its cartel?
Hardly.
In response to the meeting, Qatar's energy minister Mohammed bin Saleh al-Sada said, "We of course respect [Iran's] position... The freeze could be more effective definitely if major producers, be it from OPEC members like Iran and others, as well as non-OPEC members, are included in the freeze."
Al-Sada said that OPEC members need more time. Which says to me that this won't be the last we hear of production caps.
Indeed, this wasn't the first time we'd heard about potential cooperation between OPEC and Russia, either.
The rumor of a possible oil production freeze lifted oil markets as much as 4.7% and kept prices for WTI above $41 mid-week last week. That means oil prices have been on a wild ride. Take a look at WTI futures: Continue reading "What To Expect In The Oil Market"
In the fourth and final volume of this series, you'll discover how to combine what you learned in the first three volumes into a simple, but effective trading approach. You'll be on the edge of your seat as professional trader Glen Ring shows you some valuable tools and techniques you can use to lay down a foundation on which to build your own successful trading structure. After completing this program, you'll know how to apply some of Glen's most powerful, time-tested trading ideas to recognize potentially explosive moves - and get in and get out of the markets for the maximum profits.
WATCH NOW: Building a Better Trader - Volume 4: Adding the Finishing Touches
Best,
The INOTV Team
Precious metals expert Michael Ballanger examines silver's recent moves upward.
In my business, there is a great deal of travel, be it to properties in the Peruvian Andes or the Canadian Yukon or to the investment conferences in New Orleans or San Francisco or London, so I get a full psychographic cross section of every type of investor imaginable. First of all, the audiences I have encountered at the "Sound Money" conferences in Nassau or Bermuda are usually quite conservative and usually well-dressed and well-groomed. When the topic is gold and it is a controversial speaker looking for "the end of Western civilization," the audiences tend to be a tad different with hair length and dress code noticeably more avant-garde.
However, when the topic is confined to silver, while the speakers tend to be "evangelical," the audiences appear to be (operative word being "appear") simply stark-raving madmen of the first order. They usually dress in military fatigues, the males are all in ponytails, the women weigh more than the men, and the T-shirts and baseball caps on both males and females carry logos from either the WWF or the Monster Truck conventions. However, they are usually quite erudite when discussing "survival techniques"; they are usually extremely well educated and they are all able to rhyme off the silver production numbers for the past 20 years BY COUNTRY; and most importantly, they carry high distain for anyone who fails to know these facts. Continue reading "All Hail the Mighty Silver Bugs..."
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