Tag: CRB

Record-High Prices For Gold!

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1pm market update for Wednesday, the 13th of July.

The big news today has got to be record-high prices for gold.  As you know we've been very positive on this market longer term and we believe that the market was going to make its highs at the end of Q3.  Today's action certainly confirms that this market is moving from a very powerful energy field, which we have explained in many of our previous videos.  Silver followed suit, but has not made an all time high.  Percentage wise today's move in silver is beating out the move in gold.

The rally in the equity markets is not as unexpected, as we thought that we would see a bump up as we described in our previous videos earlier this week. We expect that the current rally in the S&P will run out of steam right around 1333 to 1338.

We also suspect that this market is building the right shoulder of a massive head and shoulders top.  It seems hard to believe that the precious metals and the equity markets are all going up at the same time, but that's what's happening right now.

Now, let's see how we can protect and make your money grow.    Continue reading "Record-High Prices For Gold!" →

WORD OF THE DAY: CONTAGION

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your market update for Tuesday, the 12th of July.

WORD OF THE DAY: CONTAGION - the ready transmission or spread of an idea or emotion from person to person: a contagion of fear.

As we reported yesterday, this market is in a very choppy, emotional state and it is a battle between the Bulls and the Bears. Events outside of the control of the US in Europe and the contagion problems in Italy and Greece are all making this one financial mess.

Another disastrous trade deficit today of over $50.2 billion was not good news for the USA.

The debt ceiling talks continue between the Democrats and the Republicans with no apparent end in sight. Perhaps they should look up the word contagion, and relate it to how things can spiral so quickly out of control and take on a life of its own.

What is happening in Europe could very easily happen here in the US if we don't start addressing this problem. This is a real a crisis and Congress is treating it just like another minor problem we have to
solve. It has major implications for the US and it's standing in the world. Imagine if the dollar lost its reserve currency status! That would be catastrophic for this country and everybody who lives here. It would not be a pretty picture.

Let's go to the markets as they tell the real truth in what's unfolding in the financial world. Continue reading "WORD OF THE DAY: CONTAGION" →

Kicking The Can Down The Road

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your market update for Monday, the 11th of July.

Last week, the standout story was the disastrous jobs report.  As this week unfolds, we are faced with more problems such as the debt ceiling and the total lack of cooperation between the Democrats and the Republicans.  It seems as though both parties are firmly entrenched in their own party lines and are failing to see just what it's doing to the country.

We have talked about this before, and the fact that the politicians both in Europe and here in the United States really don't want to face the truth has created the current mess over the last 20-30 years. It is always same old story of "kick the can down the road" and let somebody else take care of it.

Well, it's showtime or should I say it's a showdown now!  We need to get serious about getting this right in this country.  I believe that we got into this together and now we should get out of it together.

Now let's see how we can protect and make your money grow. Continue reading "Kicking The Can Down The Road" →

No "Plan B"

Posted on by The INO.com Team

Hello, traders everywhere. Adam Hewison here, co-founder of MarketClub, with your market update for Friday the 8th of July.

It was a shocker. We only created 18,000 jobs and unemployment jumped up to 9.2% - how can we say things are getting better when here we are basically two years after the low in the equity markets with unemployment still stubbornly stuck over 9% and probably going back over 10%.

Folks, there is no "Plan B". For the past two years, this administration has declared warfare on business, particularly small businesses - the folks who actually create jobs in this country!

It is amazing to me that they could be so blinded with their political philosophy that they have actually forgotten that there are real people out of work that need jobs.  Small businesses - the very people who create 70% of all jobs in America, are being punished as the current administration wants to tax them more. How stupid can things get. Oh, they can get pretty stupid.

As I mentioned yesterday in my 1 p.m. update, I felt that the S&P was in thin air and also as cyclic high. I think we could be seeing the start of a 15 to 20 day correction. We also recommended taking some money off the table in our crude oil trade which also went very well.

As mentioned earlier I'm doing this report a little bit earlier as I feel today could be an important turning point in the markets.

Now let's see how we can protect and make your money grow. Click here to watch the video. Continue reading "No "Plan B"" →

Indexes are high

Posted on by The INO.com Team

Hello traders everywhere. Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Thursday the 7th of July.

The indexes are all higher for the day and are now close to major resistance basis the S&P 500. Our trade triangle technology has been bullish on the S&P 500 since $1,300 and we are sitting on some nice profits. However I do believe that we are close to a cycle high period and that we could see some profit-taking coming into the index markets next week. The current rally has been on extremely light volume even for summer trading.

Crude oil pushed upwards to the $100 a barrel range today and I think perhaps we are close to seeing this market peter out and take a rest in the short term. Technically, the market is fast approaching the upward level of its Donchian trade channel. I expect that we will see some profit taking coming in around current levels.

Other markets were generally quiet so far today.

Now let's see how we can protect and make your money grow. Click here to watch the video. Continue reading "Indexes are high" →