Tag: Gold

Daily Video Update: America doesn't run on gold, it runs on …

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 9th of October.

Have you ever try stuffing a gold bar in your fuel tank?

I am sure you haven't, and that is the point I want to make today. America runs on number two diesel fuel, not on gold bars. Without fuel, America's economy is dead in the water.

Every year the world needs more and more energy. China and India provide good examples as the working class are moving from bicycles to mopeds and in some cases, even cars. All this upward mobility takes energy, and the energy for now is petroleum based.

India and China have a combined population of 2.9 billion, representing 36% of the world's population. To put that in perspective, that is 9.2 times the size of the United States.

And here's the wild card, and it's a big one: "The Middle East". What is going to happen in the most unstable part of the world? Any major disruption in that area will cause oil prices to skyrocket. Continue reading "Daily Video Update: America doesn't run on gold, it runs on …" →

Brock Salier Unlocks the Secrets of Gold Miner Valuations

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The Gold Report: Brock, your research suggests that the production margins of gold companies are near all-time highs. Why has that not translated to share price appreciation?

Brock Salier: The weak equity markets play a role in the disconnect between gold prices and gold equities, but a lot has to do with maturing gold assets.

A lot of gold mines were funded between 2007 and 2009 and commissioned between 2008 and 2010. Most companies typically mine above their reserve grade for the first one to three years to speed capital and debt repayments. But, if they have not found an expansion and completed a feasibility study, or if they lack a new mine to develop, that grade has to fall. As production falls, cost rises and share prices legitimately fall along with profits.

TGR: Can you go into a bit more detail about that concept, which is known as "high grading?" Continue reading "Brock Salier Unlocks the Secrets of Gold Miner Valuations" →

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 (10-8 through 10-12)

We begin this week at the bottom end of a three week range in December Gold futures. Since Thursdays test of the early March high near $1800, we have settled back almost thirty dollars an ounce on Columbus Day in the Unites States. Bonds will be closed today, while equities and other markets will be trading on lighter volume.

After the United States reported Non-Farm Payrolls on Friday, the sentiment in the markets overall has been mixed. The number sent many futures contracts rallying to chart resistance Friday, only to run into profit taking shortly thereafter. It is clear that NFP takes a back seat to the continued worries in Europe. Continue reading "Gold Chart of the Week" →

Daily Video Update: The biggest job killer is …

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 8th of October.

I've been thinking about this for a while and decided today was the perfect day to put my thoughts in writing...

I think the Internet is a job killer and not a job creator.

Here are my reasons why:

A relatively small number of staff can run a multibillion dollar company. For example, FaceBook only has 3,000 employees. Compare that to General Motors, who currently employs 202,000 folks.

Amazon, another name that is ubiquitous on the internet, has only 69,100 employees. Now compare that to traditional retailers that have millions of employees in malls across the country. More and more Americans are turning to to shop online because of its convenience and that could be the demise of many jobs in traditional shopping outlets. For example, Circuit City could not complete in the new world and quickly fell prey to the Internet. Is Best Buy the next company to throw in the towel?

Apple, the most valuable company in the world, even with its retail outlets, still only employs less than 65,000 Americans. However, Apple in China through a company called Foxconn has over 400,000 Chinese working to make iPhones, iPads, and practically everything "i" for Apple. You can only wonder what kind of impact almost half a million manufacturing jobs would have in the US. Think about what it could do for our economy.

America has to rethink, reset, readjust and retool if it is going to get serious about creating jobs in the new global internet world. Countries, including the United States, cannot just rely on past successes. History has proven time and time again that a country resting on its laurels soon becomes a country in trouble. Continue reading "Daily Video Update: The biggest job killer is …" →

Daily Video Update: Don't fight the FED

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 5th of October.

Don't fight the FED, why? Because the deck is stacked against you and the FED holds all the cards.

Today we received a major reversal signal based on our Trade Triangle technology that I will share with you in today's video.

Did you vote in our poll on the debate? Continue reading "Daily Video Update: Don't fight the FED" →