Tag: Gold

Is This ETF Signaling Trouble Ahead?

Posted on by The INO.com Team

Hello MarketClub members everywhere, today I'm going to be looking at SPDR Gold Shares (PACF:GLD) and showing you why it could be signaling trouble ahead for stocks, the economy and a whole host of other challenges.

GLD did something that was unusual recently by breaking over a three-year trendline. As you approach and trade the market in a technical manner, this is a significant event that should not be overlooked.

Another interesting aspect to GLD is that it just completed a 61.8% Fibonacci retracement from its all-time high. I'm going to be looking at GLD in detail today and I will give you my precise analysis of this market and the reason why I think it can go significantly higher in the next 3 to 6 months.

I will also be analyzing the major indices and why they have been so choppy recently along with crude oil, the dollar and gold.

I highly recommend that you take a few minutes out of your day and watch the video!

Stay strong and disciplined.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

These Six Gold Companies Could Create Exceptional Wealth Sooner Than You Think

Posted on by admin

For smart investors watching the gold-Dow ratio rather than mainstream media headlines, this is an exciting time to be a precious metals investor. The world seems to be conspiring to push the price of gold higher, with continued zero interest rates, Chinese stock market volatility and more unrest in the Middle East. In this interview with The Gold Report, Gold Stock Trades Editor Jeb Handwerger lays out his short list of junior mining companies that have been actively adding value, and that will be in demand when all eyes are on the sector.

jebchartcover

The Gold Report: In your last interview with The Gold Report, you said that a Federal Reserve interest rate hike would be the best thing for gold. As we now know, the board decided to keep rates at almost zero. How does that impact your projections for precious metals? Continue reading "These Six Gold Companies Could Create Exceptional Wealth Sooner Than You Think" →

Gold Update: Bulls Have The First Confirmation

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


One month ago I dared to call my Gold update "Major reversal," but I have enough reason for that. Today I prepared a short term daily chart with the focus being on the first bullish move and its correction.

GOLD (FOREX:XAUUSDO)
Chart courtesy of Tradingview.com

Like a tree starting from a sprout, the new trend starts from the first counter trend move that has its threshold at the end of July. Gold's price has gained a weighty 9% (almost $100) in one month and has stalled at the $1170 level ahead of resistance. The gold market has been treading water within the 1077/1110 range for two weeks in a row and it looked like another consolidation was going to happen before the new drop down. But, surprisingly the price broke the upper bound and quickly cut through the $1100 level. It then had a small four-day break before it made the final jump to the $1170 level. This is the first serious counter trend move which I have labeled as the large green AB segment. Continue reading "Gold Update: Bulls Have The First Confirmation" →

Conspiracy Facts Show Metal Prices Have to Rise

Posted on by The INO.com Team

Even in a frozen metals price market, it only takes one event to shake off the paper manipulation keeping prices below what supply and demand fundamentals of a free market would dictate. And when that correction comes, it could happen quickly. In this interview with The Gold Report, The Morgan Report Publisher David Morgan shares his favorite ways to own leverage to metal prices upside while protecting against junior mining risk.

Gold and Silver Bars

The Gold Report: You and David Smith recently wrote a piece titled "Gold and Silver: Heading for a Blue Screen of Death Event." You compared the gut-wrenching panic of suddenly facing a computer that stops working with a precious metals market that seems frozen, in the case of gold, in sub-$1,200/ounce ($1,200/oz) limbo. But then you suggested that, like a Windows operating system, the metal could be rebooted on its way to once again hitting $1,900/oz. What would it take for something like that to occur? How do you hit Control-Alt-Delete on a commodity? Continue reading "Conspiracy Facts Show Metal Prices Have to Rise" →

No Fed Rate Hike Good For Gold, Bad Sign For Economy

Posted on by admin

The much-anticipated decision by the Federal Reserve Board at the Sept. 17 meeting to hold interest rates near zero was met in the resource community with a mixture of relief and disappointment. The 9-to-1 vote citing global economic pressure on inflation left open the possibility of a hike at the December meeting. The Gold Report asked the experts in the resource sector what this means for precious metals and oil prices, and what signs they are looking for that a different outcome will be announced in December.

Fed announcement

Joe McAlinden, founder of McAlinden Research Partners and former chief global strategist with Morgan Stanley Investment Management, was disappointed that the Fed "blinked." He called the decision irresponsible and attributed it to worries about China's growth. The veteran investor saw the status quo as bullish for precious metals and oil, but warned, "As the Fed continues to postpone moving towards normalization of interest rates, the potential for future inflation from years of excessive stimulation increases with every delay of the end of the zero interest rate policy."

He continued, "Based on today's decision, we now need to watch economic data from China and the performance of the markets themselves. I do not believe that the Fed's focus on those points is appropriate. Nonetheless, it is now clear that these will influence the timing of the next Fed move. Also, and more appropriately, we should be watching average hourly earnings, overall signs of strength or weakness in the U.S. economy, and the trend of the core PCE deflator." Continue reading "No Fed Rate Hike Good For Gold, Bad Sign For Economy" →