Tag: Gold

Christopher Welch: Searching for a Perfect 10

Posted on by admin

The Gold Report: Chris, the lifeblood of your business is financing. What's your read on the appetite for junior financings compared to earlier this year?

Christopher Welch: The appetite for high-quality projects in the mining space is basically the same as it was in early 2012. However, in the current environment, where share prices are a bit depressed, it's getting harder to match investors with companies at share prices that are acceptable to both parties.

Aureus Mining Inc. (AUE:TSX; AUE:LSE) is conducting a big fundraising for its New Liberty mine in Liberia, which is positive news demonstrating there are green shoots in the equity space for West African gold, which is encouraging. We're optimistic that there will be more deals done in the near term.

TGR: There's been some instability in Mali, which stemmed from instability in Libya in part, and now there's growing religious tension in Nigeria. Does West Africa remain as stable as you once believed it was? Continue reading "Christopher Welch: Searching for a Perfect 10" →

Forget about the Fiscal Cliff and Europe

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 13th of November.

Forget about the Fiscal Cliff and all of the problems in Europe. At the moment the complexity of the different economic forces is more convoluted than any one brain can figure out. The good news is, the reality of the market will tell you what it wants to do longer term, and that as a trader is what's important and the one message to listen to.

Some of the best paid minds in the business are paid to figure out this problem for you. All you have to do is listen to what the market is telling you through our Trade Triangle technology.

The theory and the reality of Trade Triangle technology is that big money must make a move in order to protect and grow its own capital. That means that big money, i.e. big positions, have to move in or out of a market, and that's where our Trade Triangles shine. Big money has to make its footprint known in the market, it cannot avoid this one simple fact because of its size. Price action is the number one indicator of trends in big liquid markets. Continue reading "Forget about the Fiscal Cliff and Europe" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report 11-12 through 11-16

We begin this week in a light volume trade as the United States recognizes Veterans Day across the country. While the Gold Futures trade inside Fridays range, the market appears poised for higher prices this week.

After collapsing on the first and second day in November, the market has shown strength on a day to day basis. Fundamentally, all markets had to deal with a heated Presidential Election in the United States. The expectation was that a win by Barack Obama would help underpin Gold prices, as his policies would continue to give Ben Bernanke freedom to devalue the US Dollar through Quantitative Easing. Surprisingly, the US Dollar and Gold rallied side by side last week, which caught many traders off guard, but was welcomed by market bulls. This decoupling is not something that we see every day, which probably explains Gold’s cautious rally throughout last week’s trade. One can only wonder how high the price could have gone if the Dollar was down last week! Continue reading "Gold Chart of the Week" →

Catching 17 falling knives is not a smart idea!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 12th of November.

Europe remains a mess and it would appear as though the availability to kick the can down the road is becoming more difficult for countries like Greece and Spain. With 17 nations comprising the Euro Zone, we think it's going to be very difficult to catch all of these "knives" (countries) when they start falling.

In the past four or five weeks we have seen the major equity markets all pullback, with the NASDAQ reaching a 61.8% Fibonacci correction level. The Dow and the S&P 500 have both corrected by 50%, also a Fibonacci number, and we would not be surprised to see a bounce from current levels. Normally when you see corrections of this magnitude to key Fibonacci levels, you get a counter-trend bounce.

The one thing I love about the markets, is that they really do tell a true picture of what's going on. That is why we, along with thousands of our MarketClub members around the world, are so confident that our Trade Triangle technology will keep us on the right side of the market. Continue reading "Catching 17 falling knives is not a smart idea!" →

OMG the Fiscal Cliff is coming!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 9th of November.
Suprise, suprise the "Fiscal Cliff" is almost upon us. Is it just me or is the world just bouncing from one crisis to another crisis where nothing gets done?

We have been discussing the "Fiscal Cliff" for well over a year that I can recall, and nothing has been accomplished. Over the pond in Europe, Greece, Spain, Italy and France all have major problems yet not one of these countries has addressed their problems. Politicians first and foremost want to keep their own jobs and are loath to make hard decisions.

I am not sure if the art of kicking the can down the road was perfected here in the US or in Europe, but we certainly now have a bunch of global politicians who are very adept at kicking the can down the road. Continue reading "OMG the Fiscal Cliff is coming!" →