Tag: Guest Bloggers

Macro Sleight of Hand is Working, for Now

Posted on by The INO.com Team

Right in plain site, the Federal Reserve is doing this to the US money supply. It is a hockey stick with the blade pointing up, but will one day turn into a big, bloated chicken and come home to roost. The Fed’s global counterparts continue apace with inflation as well.

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Meanwhile, economic data like M2′s velocity would give out of control monetarists free license to provide more of what they say is good for us, because newly printed money is not getting out into the economy to a sufficient degree. ‘If we can just inflate a little more’ think our myopic bureaucrats, ‘maybe that will finally do it. Continue reading "Macro Sleight of Hand is Working, for Now" →

How a Fibonacci Cluster Showed an Important Resistance Level in Gold

Posted on by The INO.com Team

Senior Analyst Jeffrey Kennedy shares techniques that helped spot a trading opportunity.

By Elliott Wave International

If you use Elliott in your technical analysis, you may already use Fibonacci ratios to determine targets and retracement levels in your charts.

But have you heard of "Fibonacci Clusters?"

Elliott Wave Junctures editor Jeffrey Kennedy shares
his charts to illustrate this technique, which he recently
used to identify a critical turning point in Gold. The following
lesson is adapted from his March 26 video. Get more lessons
from Jeffrey in the free report, 6 Lessons to Help
You Spot Trading Opportunities in Any Market. Continue reading "How a Fibonacci Cluster Showed an Important Resistance Level in Gold" →

Weekly Futures Recap W/ Mike Seery

Posted on by The INO.com Team

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 futures this week saw extreme volatile trading action with November soybeans up nearly $.16 this Friday to settle around 12.20 a bushel trading right at its 20 day moving average but still below its 100 day moving average after settling last Friday at 12.10 a bushel gaining slightly as floods have entered the Midwest. Soybeans on the daily chart could have a possible double bottom in the November soybeans as prices traded as high as 12.40 in Wednesday’s trading session before retracing only the spring right back as weather conditions in many states are still receiving record snow. December corn futures are lower by 5 cents this Friday afternoon trading above its 20 day moving average but below its 100 day moving average which stands at 5.69 after settling last Friday at 5.24 up around $.35 for the week as massive floods are delaying planting. The Midwest has had the 2nd coldest spring in the history of the United States and has delayed planting significantly which is concerning after last year’s terrible crop. Wheat futures for the July contract have broken out above the 7.20 level which is now at a 4 week high trading above its 20 day moving average but below its 100 day moving average which stands at 7.48 and I do believe that there will be further buy stops which could propel prices even higher. Continue reading "Weekly Futures Recap W/ Mike Seery" →

How to Stress Test Gold Equities: Joe Mazumdar

Posted on by admin

The Gold Report: Where can long-term gold investors look for safety during times of market turbulence?

Joe Mazumdar: Is there safety in the gold market? The short answer is no. Both the equity and gold market have been volatile, lately more the latter. Gold stocks have a good correlation, a beta, to gold, and if the price of gold is volatile, the stocks will be volatile. This leverage to the gold price cuts both ways for gold equities. Year to date, gold is down 1015% as it has underperformed most commodities including copper, oil and natural gas, while the SP/TSX Global Gold index is down almost 3035%.

Other reasons why the gold equities have disappointed investors includes the failure to achieve benchmarks or guidance on costs, both operating and capital, and timelines, among others. The overriding financing risk, especially for the juniors, has continued to weigh on their performance.

Major gold producers provide liquidity, but are not necessarily a safe bet. Over the last few years, the large gold companies have not shown growth at a reasonable price. The amount of reserve repletion they require is their Achilles heel such that they have focused on dividends. This is nothing new, as the project requirements tend to create significant footprints and attract the attention of other stakeholders who want to slow down or cancel mining development. This issue is affecting Newmont Mining Corp.'s (NEM:NYSE) Conga project, Pascua Lama with Barrick Gold Corp. (ABX:TSX; ABX:NYSE) and El Morro with Goldcorp Inc. (G:TSX; GG:NYSE) and New Gold Inc. (NGD:TSX; NGD:NYSE.MKT). If a major's growth is linked to this type of project, it is not necessarily a safe place to invest. Continue reading "How to Stress Test Gold Equities: Joe Mazumdar" →

Chart to Watch - AMZN

Posted on by The INO.com Team

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 Amazon.com Inc. (AMZN).

I hope you are having a GREAT week !!!

This week AMZN looks like a great chart to take a look at.

MarketClub put in a weekly and monthly red Trade Triangle, as AMZN was breaking out to the down side of a sideways channel. Continue reading "Chart to Watch - AMZN" →