Tag: Gold

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 (January 21 through January 25)

As we begin this abbreviated week, U.S. markets continue to be the focal point as traders try to plan ahead for a continuation of reported earnings. Additionally, there is expectation that House Republicans are planning to punt the U.S. debt ceiling decision by three months if a few of their demands are also met as a compromise. Overall, I believe most traders (myself included) were delighted to see stability this morning as we won’t soon forget the MLK Day chaos from five years ago, when equities saw unwinding of a massive futures position held by a trader at SocGen. While we all welcome volatility, we also appreciate it in smaller doses!

The bulk of the earnings this week fall in the S&P 500 as just shy of one hundred companies in the index report earnings. Thus far, earnings have been decent as indicated by several closes last week above the prior September chart highs. Be sure to keep an eye on Apple as they report on Wednesday. Despite the fact that it has been on a recent slide, it still commands attention as it hovers the $500 mark. Continue reading "Gold Chart of The Week" →

How Green Are Gold's Blue-Chip Mining Stocks?

Posted on by The INO.com Team

Disenchanted with gold's lackadaisical performance over the last year, some investors are losing interest in the equities that are supposed to provide leverage to the metal's price movements. The press has added fuel to the fire by increasingly attacking gold-mining CEOs for rising production costs and weak stock prices. This has driven some investors to pursue ETFs or other vehicles as a replacement for gold stocks, while others have simply thrown their hands up and left the precious-metals space. Is this overreaction or rational decision-making?

We set out to objectively evaluate how gold-mining majors have been performing operationally in the current commodity bull market that started roughly at the beginning of 2002. We compare them against the S&P 500 – the mainstream "blue chip" index – to see if gold miners deserve the beating they've received. We also look at what may lie ahead for one of our favorite subsectors of the gold universe. Continue reading "How Green Are Gold's Blue-Chip Mining Stocks?" →

Today's Video Newsletter: Crude Oil makes its move, Apple falters, and Facebook gets primed

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 18th of January.

Looks like gas is going to start getting more expensive, a lot more expensive. Yesterday, the crude oil market broke above some important key technical levels according to our Trade Triangles. Crude oil also broke through a long term negative trend line. We now expect crude oil to make its way up to the $100 a barrel level. This will translate into much higher gas prices at the pump.

Whether this changes the current positive market climate for stocks remains to be seen, but as always, we will rely on our tried and trusted Trade Triangle technology to show us the way.

We will also be taking a close look at Apple today. Should we see this stock close below $500 a share, it will be the first time that Apple has closed on a Friday below $500 in almost a year, not a good sign for this market. Continue reading "Today's Video Newsletter: Crude Oil makes its move, Apple falters, and Facebook gets primed" →

Today's Video Update: I have never been called a "chart monkey" before on live television

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 17th of January.

I just got back from New York late last night after doing some guest appearances on CNBC and Bloomberg television. It was in the latter show on Bloomberg TV doing a "Street Fighters" segment that Marshall Auerbach called technical traders "chart following monkeys". That's when all H*LL broke loose. Watch the video segment here.

Do you remember last week on MarketClub TV we were talking about the potential set up in crude oil? Well it looks like all systems are go this morning. The down trend line has been broken to the upside and our Trade Triangles are +100, indicating a strong trend to the upside for this commodity. Continue reading "Today's Video Update: I have never been called a "chart monkey" before on live television" →

CCI-Gold Ratio Will Tell the Story

Posted on by The INO.com Team

The story referenced in the title being whether or not global policy makers can cook up an inflationary up phase in the global economy.  I had used the term ‘i2k12′ early last year referring to the prospects for what might ultimately be an inflationary 2012.  Well, they came with the QE at year-end and now the theme shifts forward to the prospects for i2k13.

A subscriber forwarded to me an audio of Don Coxe talking about the changes coming out of Global Policy Central in “Basel Greenlights Banks Big Time” and it turned out to be a good starter for a post in which I would like to try to delineate some things.

You may have heard me belly ache in the past about the raving inflation bulls who lump gold and gold stocks in with the entire inflation trade?  Gold is copper is oil is hogs?

No, gold is counter cyclical in its relative strength to these other things.  Ironically, when gold is being out performed by silver and a whole host of commodities in an inflationary phase, it can rise (sometimes handsomely) in nominal terms but its producers will suffer. Continue reading "CCI-Gold Ratio Will Tell the Story" →