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

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?"

Weekly Futures Recap with 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.

Grain Futures--The grain market was sharply higher this week with soybeans leading the charge nearly $.60 higher trading above its 20 day moving average but still below its 100 day moving average which is at 14.96 which also serves as the next major resistance as weather concerns in South America as well as drought concerns persisting here in the United States Midwestern area propelling prices higher with corn futures for the March contract trading above its 20 day moving average but just an eyelash away from his 100 day moving average which is at 7.42 up over $.20 for the week hitting a 3 week high also continuing its bullish momentum on planting concerns here in the Midwest with certain parts are too dry with a lack of snow. Wheat futures continued their bullish momentum trading above their 20 day moving average but below their 100 day moving average which is at 8.55 a bushel up over $.40 this week at 7.95 nearly higher by $.12 as traders are now exiting short positions and possibly going long this market in case there are weather problems in Kansas which is the United States leading producer of wheat so prices could head back up to the $9 dollar level quickly if the drought persists. I have stated in many previous blogs I was bearish the grain market a couple of days ago and at this point I’m just advising to sit on the sideline and see if a trend really does develop and I would like to see a little better chart structure and prices hit at least 4 week high before I would look to possibly get long and I do believe you might see some consolidation of this latest move in the next week or two. TREND: HIGHER –CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap with Mike Seery"

Chart to Watch - March Orange Juice

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 March Orange Juice Futures (OJ.H13.E).

I hope you are having  a GREAT week !

Orange Juice made a big move up off the last low, which put in a weekly and monthly green MarketClub Trade Triangle.

Orange Juice has made a sharp move lower off the high, and the move lower put in red weekly MarketClub Trade Triangle.

Orange Juice may be putting in a higher test of the last low right now, which would be bullish. Continue reading "Chart to Watch - March Orange Juice"

Find Your Sweet Spot - Emini Trading 101

You decided to become a trader. Put some money in an account, got a few indicators, read a couple of old wive's tales on a forum that sounded pretty solid, you're good to go right?

Well... let me ask, "How's that working for you?"

You don't need to answer, it was rhetorical. Besides, I  know the answer.

I interviewed Max Lucado back in the early days of CFRN. He had just published his umpteenth book -

Let me tell you, I was as excited as any cub reporter has ever been. This guy was my hero. I read his books as fast as he could write them and to actually meet him after all this time...... you would have thought he was Jesus.

Silly excited. Jimmy Olson-itis is what I had.

Turns out, guy couldn't even fly. Couldn't fly? He didn't even have a cape.

Shucks, this guy was offering the Cure For The Common Life and it was starting to sound like his life was more common than most.

Lesson #1 - Never meet your hero in person.

Lesson #2 - Find your sweet spot.

You see, aside from my personal misguided hero complex, Max had done it again. Here's a brief overview of the book if you haven't read it.  Continue reading "Find Your Sweet Spot - Emini Trading 101"

CCI-Gold Ratio Will Tell the Story

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"