Gold Chart of The Week

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 (April 15th through April 19th)

 It has been a few years since the Precious Metals have seen a Friday selloff followed by an even bigger Sunday night drop, but anyone that has been trading since 2008 remembers prior price action like this. And when any sector of the market experiences drops like these, everyone will be racing to the television and internet hoping to find someone bold enough to confidently call “THE LOW”. As far as this article and this drop are concerned, I think it is way too early to begin spouting target prices for a low. With all of the expected margin calls and positioning that will follow, I feel the best thing to do is be patient and let things in the Metals settle down before stepping in for a long term play. There should be many intraday trades available thanks to the expected volatility, but the long term play will be too difficult to depend on this early in the week. Continue reading "Gold Chart of The Week"

Doug Casey on Second Passports

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

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"

Chart to Watch- DTLK

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Datalink Corporation (NASDAQ_DTLK).

I hope you are having a GREAT week !!!

DTLK has set up a possible MarketClub Trade Triangle opportunity, so let's take a look at what is going on with DTLK in this week's Chart to Watch.

MarketClub put in a monthly green Trade Triangle on 11/05/12 and the monthly Trade Triangle is still green which means the longer term trend is still up as of right now.. Continue reading "Chart to Watch- DTLK"

5 Critical Threats To The Bull Market

Nothing good lasts forever, including the amazing bull market that investors have enjoyed this year.

Fueled by ultra-low interest rates, solid corporate earnings and a Federal Reserve that says it will do whatever it takes to jump-start the economy, stocks have been breaking record after record as they surge higher. The Dow Jones Industrial Average has rallied more than 1,800 points since Jan. 1 -- and money keeps pouring into the market. Continue reading "5 Critical Threats To The Bull Market"