Today's Video Update: Gold and Cyprus - The Meltdown Continues

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 15th of April.

The Meltdown in Gold Continues
As it occured on Friday, a close below the $1,500 level would not be a good sign for this once precious metal. Reports this weekend that Cyprus will be selling $500,000,000 in gold also put downside pressure on this market. I continue to see this market under pressure and headed lower. Continue reading "Today's Video Update: Gold and Cyprus - The Meltdown Continues" →

Trade School - JP Morgan

Posted on by The INO.com Team

In today's Trade School video, we're going to be looking at the stock of JP Morgan Chase (NYSE_JPM) in light of their better-than-expected first-quarter profits. I will be analyzing Jamie Dimon's favorite stock on a technical basis, using our market-proven Trade Triangle technology. Continue reading "Trade School - JP Morgan" →

Doug Casey on Second Passports

Posted on by The INO.com Team

By Doug Casey, Chairman

Louis James: Doug, a lot of our readers have asked about getting a second passport. I realize this is a large and complex issue – several issues, actually – but would you care to go over the basics of where to go and what to do? And for those not already thinking about this, why?

Doug Casey: Sure. We've talked quite a bit about the increasing urgency of getting some of your assets out of your home country, especially if it's the United States. We've talked about having stores of precious metals in safe places abroad, and setting up bank and brokerage accounts abroad as well. I've said that safest way to store wealth abroad is to buy property, which can't be seized by your home country without an act of war. The purchase of real estate solves several issues all at once.

But that's all about protecting assets; to protect yourself, getting a second passport is unfortunately very important. Continue reading "Doug Casey on Second Passports" →

Weekly Futures Recap W/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.

Cocoa Futures-- Cocoa futures in New York rallied  for the 2nd consecutive trading session settling in the July contract at 2257 trading above its 20 day moving average and now also above its 100 day moving average with excellent chart structure and in my opinion if you look at cocoa on the daily chart it has a nice grinding stair step pattern to the upside with a possible double bottom created at 2046 which was hit on 3 – 7 – 13 with the next major resistance at 2300 and if that is broken and I do believe there is a good possibility of prices hitting 2450 in the next 1-2 weeks while a bull market might be underway in cocoa prices. Continue reading "Weekly Futures Recap W/Mike Seery" →

Today's Video Update: Gold and Oil Prices Swoon

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 12th of April.

Gold
Gold (XAUUSDO) continues to come under pressure and is going to close out the week on a negative note. It would appear as though nobody wants to hold gold anymore. The gold market is close to a key area of support around the $1,500 area. A close below that area today does not auger too well for this market. Rumors that Cyprus is selling gold to improve its bank balances is also adding downside pressure on an already depressed market. We will be checking in on gold today and analyzing just how far this market can go from here. Continue reading "Today's Video Update: Gold and Oil Prices Swoon" →