Tag: silver

Election Day Special

Posted on by The INO.com Team

MORNING STARS RISING - CLASSIC BULLISH REVERSAL CANDLESTICK PATTERNS OCCURRING NOW IN GOLD & SILVER RIGHT AT SUPPORT LEVELS NEAR 200DAY MOVING AVERAGES.

Election Day has finally arrived here in the United States of America, so please exercise your civic duty: get out and vote (if you haven’t already) thank you.

Today was largely expected to be uneventful in the Gold and Silver markets as many traders were looking to avoid the event risk inherent upon the outcome of the U.S. Elections, but that has definitely not turned out to be the case.

After Friday’s massive drops of -$40 Gold and -$1.50 in Silver, which happen to be the biggest single-day spikes lower in the last 2 months, both markets blasted higher this morning with Gold putting on nearly +$35 and Silver around +$1.00 higher (intraday) before pulling back off the highs...

Let’s take a look at where the recent consolidation stands from top to bottom: Continue reading "Election Day Special" →

Left or right it all comes down to today - Election day in America

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 6th of November.

Yesterday, we invited users to vote on our own poll on who is going to win the 2012 presidential election. The poll  is presently indicating 54% for Romney and 46% Obama, a Romney win.

The poll on our MarketClub.com website currently shows Governor Romney with 50% and President Obama with 50%, a dead heat.

What do you think?

The markets are not indicating one way or another who is going to win the election. The equity markets are trading higher for the week, as is crude oil, gold, and silver, while the dollar remains on the defensive. Continue reading "Left or right it all comes down to today - Election day in America" →

Are the markets predicting an Obama win or a Romney win?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 5th of November.

Make no mistake about it, the markets will likely be quiet for today and tomorrow. When the eventual President is announced, perhaps on Wednesday or Thursday, the markets will decide which way they want to move.

Here's what the markets are telling us right now:

Equities: Mixed picture
Metals: Mixed picture
Dollar: Mixed picture
Crude Oil: Negative trend Continue reading "Are the markets predicting an Obama win or a Romney win?" →

Is the Glass Half Full or Half Empty?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 2nd of November.

This past week has been one of the most extraordinary weeks that I can remember. The markets were closed for two days and we had a historic storm cause significant destruction in New Jersey, New York, and much of the east coast. Today, BLS released the unemployment numbers showing that unemployment stands at 7.9%, which begs the question is the glass half full or half empty? You could argue both ways... Is employment improving? Or has it not improved in 4 years?

This is the last weekend that both Pres. Obama and Gov. Romney have to convince an already exhausted population to buy into their vision of the future for America. I think we are all exhausted by both candidates and the endless bickering, which is not helping the economy or the jobs picture.

Personally, I think campaigning for office should be no longer than 3 to 6 months and not several years. These two gentlemen have spent a billion dollars each on their campaigns, what a waste of money and resources. Continue reading "Is the Glass Half Full or Half Empty?" →

Daily Update: Did Sandy create a plus or a minus for the U.S. Economy?

Posted on by The INO.com Team

Due to technical issues associated with Hurricane Sandy we do not have a video today.

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 31st of October.

Well there is no question about it, the last few days have been devastating for millions of residents in the Northeast.

Sandy certainly lived up to her billing as the "Storm of the Century" as she left a path of epic destruction in the wake. Luckily our corporate headquarters, which are based in the mid-Atlantic region on the Chesapeake Bay, missed the wrath of this very serious storm. Continue reading "Daily Update: Did Sandy create a plus or a minus for the U.S. Economy?" →