Adam explains why he sees Copper (NYMEX:HG.K14.E) prices falling to a range of $2.50 to $2.67 in the second-quarter.
Adam also explained that the ongoing instability in Ukraine is far more serious than we can imagine, with Russian president Vladimir Putin seemingly determined to bring Ukraine back under Russia.
Precious metals boosters will see gold's nominal price break upward and probably get excited. They will marshal the troops for what could one day turn out to be a full fledged tout, as if the 40% decline of the last 2.5 years had never happened.
But it is gold’s ratios to positively correlated assets that tells the interesting story. Vs. Crude Oil, the story could be shaping up to be a positive one for the gold mining industry, which is counter cyclical and obviously energy and fuel intensive. Continue reading "Gold's Grinding Message"
The Energy Report: How do you choose the energy names in your coverage list?
Mike Breard: I look for managers with great track records. For example, I attended the annual meeting of Matador Resources Co. (MTDR:NYSE), and there were 150 people there. Normally, only maybe 20 people attend the annual meetings of the junior energy companies, but these folks had been investing with the current managers of Matador in private deals for 30 years. They were so eager to get in on the newest venture of these guys that Matador stock has tripled during the past year.
TER: What is driving Matador's success? Continue reading "Mike Breard: Buy Small for Deep Profits"
The last month or so has been an interesting one for Bitcoin (BITCOIN:BITSTAMPUSD) believers. No doubt you have heard about the collapse of Mt.Gox, the largest Bitcoin exchange in the world and the missing millions.
If the collapse of the Mt.Gox exchange was not enough, Newsweek announced to the world that they have tracked down the mystery man who they claim invented Bitcoin. The gentleman’s name is Satoshi Nakamoto and it has long been assumed to be the pseudonym for the man (or woman) who created Bitcoin. Satoshi Nakamoto subsequently denied that he was the brains behind Bitcoin, so the mystery continues, or does it? You would think with a major Bitcoin exchange collapsing, all the controversy and lost funds, Bitcoin would have collapsed to zero, as everyone rushes to cash out their virtual currency.
But oh no, the opposite appears to be happening when you view the recent Bitcoin (BITCOIN:BITSTAMPUSD) market action. One thing is for sure, the Bitcoin market is not going down anytime soon based on the technical charts that I look at.
This is a follow up post to my earlier Bitcoin post. Now you can see Bitcoin charts and quotes on MarketClub and on our public website, INO.com. The truth is, Bitcoin trades just like any other market, including gold.
Is Bitcoin the new gold standard?
Chart Legend & Technical Picture For BITSTAMPUSD (Black Numbers)
1. Classic base
2. Classic chart breakout
3. Double top
4. Double bottom
5. Downtrend line
6. Double bottom
7. Watch for breakout
8. Trade Triangles
Bitcoin (BITCOIN:BITSTAMPUSD) technically looks a lot like gold did after it made its double bottom last December. The key level to watch in this market is a break over (5) on the chart. Any move over $700 should be viewed as extremely bullish for Bitcoin, signalling a move to test the $1,000 area.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Tuesday, the 11th of March.
Looking at the Dow Jones Industrial Average (INDEX:DJI), you have half of the stocks in a bull trend and the other half in a bear trend, giving a very mixed picture and somewhat neutral look to the Dow 30. The question is, which side is going to win out, the bulls or the bears? As with any market, I will be watching the Trade Triangles for an indication of this index's next move.
After rallying over $150 from the lows that were seen in late December, the gold market has gone into a sideways pattern as it begins to readjust to its new trading levels of $1,320 to $1,360. At the moment, it would look like short-term traders should be out of this market and that long-term traders could hold on to long gold positions. I'm still see the Gold (FOREX:XAUUSDO) moving higher longer-term. Continue reading "Bulls or Bears - Who Will Win?"
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