Tag: silver

Will He Or Won't He Implement QE3?

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Thursday, the 14th of July.

Will he or won't he implement QE3?  That is the question on everyone's lips.  I am of course talking about the Federal Reserve chairman, Ben Bernanke.  I don't think it's going to matter too much because the market is acting exactly how we expected it to act.  The market action for the past three days has very negative connotations in my opinion.

The plain truth is the market has been unable to hold or sustain any rallies after its big down day on Monday.  I think tomorrow, being Friday, a lot of traders will be very nervous about holding long positions based on what may or may not happen with the debt ceiling over the weekend.

Gold and silver continue to move to the upside and are in strong hands.  This weekend could be the perfect weekend trade for these two markets.  Target zones are higher than current levels for both gold and silver.

Another concern we have are bank stocks, which continue to look weak.  Bank of America, symbol BAC, could be a perfect candidate for a 52 week rule trade on Friday.  Watch that stock carefully on Friday.

Now, let's go to the markets and see how we can protect and make your money grow.    Continue reading "Will He Or Won't He Implement QE3?" →

Record-High Prices For Gold!

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1pm market update for Wednesday, the 13th of July.

The big news today has got to be record-high prices for gold.  As you know we've been very positive on this market longer term and we believe that the market was going to make its highs at the end of Q3.  Today's action certainly confirms that this market is moving from a very powerful energy field, which we have explained in many of our previous videos.  Silver followed suit, but has not made an all time high.  Percentage wise today's move in silver is beating out the move in gold.

The rally in the equity markets is not as unexpected, as we thought that we would see a bump up as we described in our previous videos earlier this week. We expect that the current rally in the S&P will run out of steam right around 1333 to 1338.

We also suspect that this market is building the right shoulder of a massive head and shoulders top.  It seems hard to believe that the precious metals and the equity markets are all going up at the same time, but that's what's happening right now.

Now, let's see how we can protect and make your money grow.    Continue reading "Record-High Prices For Gold!" →

WORD OF THE DAY: CONTAGION

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your market update for Tuesday, the 12th of July.

WORD OF THE DAY: CONTAGION - the ready transmission or spread of an idea or emotion from person to person: a contagion of fear.

As we reported yesterday, this market is in a very choppy, emotional state and it is a battle between the Bulls and the Bears. Events outside of the control of the US in Europe and the contagion problems in Italy and Greece are all making this one financial mess.

Another disastrous trade deficit today of over $50.2 billion was not good news for the USA.

The debt ceiling talks continue between the Democrats and the Republicans with no apparent end in sight. Perhaps they should look up the word contagion, and relate it to how things can spiral so quickly out of control and take on a life of its own.

What is happening in Europe could very easily happen here in the US if we don't start addressing this problem. This is a real a crisis and Congress is treating it just like another minor problem we have to
solve. It has major implications for the US and it's standing in the world. Imagine if the dollar lost its reserve currency status! That would be catastrophic for this country and everybody who lives here. It would not be a pretty picture.

Let's go to the markets as they tell the real truth in what's unfolding in the financial world. Continue reading "WORD OF THE DAY: CONTAGION" →

Kicking The Can Down The Road

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your market update for Monday, the 11th of July.

Last week, the standout story was the disastrous jobs report.  As this week unfolds, we are faced with more problems such as the debt ceiling and the total lack of cooperation between the Democrats and the Republicans.  It seems as though both parties are firmly entrenched in their own party lines and are failing to see just what it's doing to the country.

We have talked about this before, and the fact that the politicians both in Europe and here in the United States really don't want to face the truth has created the current mess over the last 20-30 years. It is always same old story of "kick the can down the road" and let somebody else take care of it.

Well, it's showtime or should I say it's a showdown now!  We need to get serious about getting this right in this country.  I believe that we got into this together and now we should get out of it together.

Now let's see how we can protect and make your money grow. Continue reading "Kicking The Can Down The Road" →