Month: September 2014

Gold at $1,500 by Christmas?

Posted on by admin

The Gold Report: Gold continues to languish under $1,300 per ounce ($1,300/oz), even as full economic recoveries in the U.S. and the European Union (EU) have yet to occur, despite trillions in new debt and stimulus. Meanwhile, we have two wars in the Middle East that could escalate, as well as reports that Russian troops are in Ukraine. With all that in mind, do you think that gold's fundamentals are less important than they once were, or is the price of gold being held back by other factors?

Charles Oliver: Gold is just as valuable today as it was 100 years ago. There was an orchestrated takedown of gold in April 2013. It has since traded between $1,200/oz and $1,400/oz, and this flies in the face of the conditions you mentioned.Silver Wh

"Asanko Gold Inc. has great assets."

We're going to have to be patient. We have gone through a bottoming process. We've had similar conditions before. In 1974, after the oil embargo, U.S. inflation was increasing dramatically, yet gold fell from about $200/oz to about $100/oz in 1976. Then over the next four years gold subsequently rallied to over $800/oz. In this decade, gold has fallen from $1,921/oz to $1,180/oz, but the fundamentals remain intact, and gold will regain its reputation as a unique store of value.

TGR: You used the phrase "orchestrated takedown." Do you agree with the thesis advanced by the Gold Anti-Trust Action Committee (GATA) that gold and silver prices are manipulated downward by central banks? Continue reading "Gold at $1,500 by Christmas?" →

Is The Market Getting Ahead Of Itself?

Posted on by The INO.com Team

After five weeks of steady gains is the market becoming a little too complacent and perhaps vulnerable to a sell-off?

It would appear as though the market is Teflon coated and has been brushing off bad news after bad news, particularly when it comes to the world's precarious political situation. In today's video, I will be examining all three indices and show you what I'm looking at right now, and I will also point out where the red line is in each of these indices.

All eyes on Apple

If you've been living anywhere on this planet then, you probably know that tomorrow is Apple's big day. Apple Inc. (NASDAQ:AAPL) is set to unveil its latest and greatest creations tomorrow. In my opinion if Apple comes up with anything other than a real game changer this stock may have topped out. Continue reading "Is The Market Getting Ahead Of Itself?" →

Good News and Bad News

Posted on by The INO.com Team

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple.

If you like this article, Larry’s also agreed to give you free access to his Weekly Trading Tip.

One of the biggest moments for the markets can come when there is a key news release or fresh fundamental data. Buyers and sellers seem to wrestle with the potential outcome, and in the case of larger announcements, volatility goes through the roof. The problem that I see some traders struggle with is knowing what news to look for, and how to trade it. Continue reading "Good News and Bad News" →

How is Doug Casey Preparing for a Crisis Worse than 2008?

Posted on by The INO.com Team

By Doug Casey, Chairman

He and His Fellow Millionaires Are Getting Back to Basics

Trillions of dollars of debt, a bond bubble on the verge of bursting and economic distortions that make it difficult for investors to know what is going on behind the curtain have created what author Doug Casey calls a crisis economy. But he is not one to be beaten down. He is planning to make the most of this coming financial disaster by buying equities with real value—silver, gold, uranium, even coal. And, in this interview with The Mining Report, he shares his formula for determining which of the 1,500 "so-called mining stocks" on the TSX actually have value.

The Mining Report: This year's Casey Research Summit is titled "Thriving in a Crisis Economy." What is the most pressing crisis for investors today?

Doug Casey: We are exiting the eye of the giant financial hurricane that we entered in 2007, and we're going into its trailing edge. It's going to be much more severe, different and longer lasting than what we saw in 2008 and 2009. Investors should be preparing for some really stormy weather by the end of this year, certainly in 2015.

TMR: The 2008 stock market embodied a great deal of volatility. Now, the indexes seem to be rising steadily. Why do you think we are headed for something worse again?

DC: The U.S. created trillions of dollars to fight the financial crisis of 2008 and 2009. Most of those dollars are still sitting in the banking system and aren't in the economy. Some have found their way into the stock markets and the bond markets, creating a stock bubble and a bond superbubble. The higher stocks and bonds go, the harder they're going to fall.

TMR: When Streetwise President Karen Roche interviewed you last year, you predicted a devastating crash. Are we getting closer to that crash? What are the signs that a bond bubble is about to burst? Continue reading "How is Doug Casey Preparing for a Crisis Worse than 2008?" →

Weekly Futures Recap With 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.

Crude Oil Futures

Crude oil futures in the October contract are currently trading sharply lower this Friday afternoon in New York at 93.10 a barrel after settling last Friday around 96 in an extremely volatile trading week as we had a $3 dollar down move and a $3 dollar up move before selling off once again because of the surging U.S dollar which continues to pressure commodity prices. I am currently sitting on the sidelines after getting stopped out last Friday and if prices break 92.50 I would be recommending another short position while placing your stop loss above the 10 day high of 96 risking around $3.50 per contract or $3,500 risk as the chart structure is very poor currently. Problems with ISIS the terrorist group are not supporting prices as you would think as the world is awash with crude oil supplies as the tug of war continues between the bulls and bears however prices still look very vulnerable to the downside as the trend in the U.S dollar will continue to the upside in my opinion.
TREND: MIXED
CHART STRUCTURE: POOR Continue reading "Weekly Futures Recap With Mike Seery" →