The Fed's Gift of Free Money: Return to Sender

Posted on by The INO.com Team

By Elliott Wave International

On June 2, the postman rang once -- and, boy, did he ring.

That day, the Wall Street Journal published a strongly worded letter titled, "Grand Central: A Letter to Stingy American Consumers," which included these notable passages:

"Dear American Consumer,

"This is the Wall Street Journal. We're writing to ask if something is bothering you. The sun shined in April and you didn't spend much money. The Commerce Department here in Washington says your spending didn't increase at all, adjusted for inflation last month, compared to March.

"You've been saving more too. You socked away 5.6% of your income in April after taxes, even more than in March. This saving is not like you. What's up?

"Fed officials want to start raising the cost of your borrowing because they worry they've been giving you a free ride for too long with zero interest rates. We listen to Fed officials all of the time here at The Wall Street Journal, and they just can't figure you out."

Well, on behalf of the "stingy American consumer," we'd like to answer this letter to best of our ability. Continue reading "The Fed's Gift of Free Money: Return to Sender" →

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 are trading lower for the 2nd consecutive day trading at 59.90 a barrel down over $.90 this Friday afternoon in New York after settling last week at 59.13 up slightly for the trading week. Oil futures have been in a trading range between $57 – $62 over the last month as I’ve been recommending a short position when prices broke the $58 level and if you took that trade continue to place your stop on a closing basis at 61.75 as we were almost stopped out in Wednesdays trade as we’re still hanging in there by the skin of our teeth. Continue reading "Weekly Futures Recap With Mike Seery" →

Poll: Are You Bullish or Bearish?

Posted on by The INO.com Team

After a nice rebound the last two days, the market has once again come under pressure from Greece. Stocks opened lower today as negative news out of Greece is weighing on sentiment. The standoff between Greece and its creditors took a turn for the worse on Thursday, with both sides citing "major differences" over how to save the country from bankruptcy. This news has put pressure on the European and U.S. equities markets.

That begs the question....

How do you feel about the markets?

View Results

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As always, I would love to hear from you. Take a moment to vote and leave a comment about the markets.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

3 Ways To Profit From Oil - No Matter Where The Prices Are

Posted on by admin

By: Dave Forest of Street Authority

I recently returned from a three-week stint in Asia. After a long trip I always take time to go through my e-mail and catch up on news and reports coming in from across the commodities world.

One small but revealing item caught my eye.

No, I'm not talking about the collapse in oil prices. In fact, as I'll explain in a moment, the way my Scarcity Real Wealth readers and I will profit from this has nothing to do with oil prices at all.

Let me explain... Continue reading "3 Ways To Profit From Oil - No Matter Where The Prices Are" →

Uranium Got You Down? Better Days Are Ahead

Posted on by admin

The Energy Report: The uranium spot price balloon has lost air again and is back down in the mid-$30/pound (mid-$30/lb) range. It was stalled there for months last year. What pushed the spot price up in the first place? Why is it falling now?

Rob Chang: The uranium spot market is generally pretty thin, and any number of transactions on either the buy or sell side could push it in any direction. What's moved it higher recently could be the news of Japanese reactor restarts happening this summer. A couple of reactors are set to restart in the next few months or so, and we believe that helped push the price along a little bit.

But the spot price really depends on near-term utility demand. I think that's the key point here. In terms of utility demand, according to the numbers that we've seen, globally about 1520% of uranium requirements for 2016 onward are still uncovered. Between now and the end of 2016, there needs to be some buying, either in the spot market or through some other means, to cover those requirements. We saw a bit of a lift because of that need, but certainly there hasn't been a big rush back toward buying uranium ex-spot yet.

TER: I've heard repeatedly that the deficit is going to occur in 2019 or 2020. Why aren't the mining companies moving ahead to address the deficit they know is coming? Continue reading "Uranium Got You Down? Better Days Are Ahead" →