{"id":16475,"date":"2012-10-09T13:24:13","date_gmt":"2012-10-09T17:24:13","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=16475"},"modified":"2012-10-09T13:24:13","modified_gmt":"2012-10-09T17:24:13","slug":"daily-video-update-america-doesnt-run-on-gold-it-runs-on","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/10\/daily-video-update-america-doesnt-run-on-gold-it-runs-on\/","title":{"rendered":"Daily Video Update: America doesn't run on gold, it runs on \u2026"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;mkt=blog1pm1009\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2011\/12\/1pm-udate.png\" alt=\"\" width=\"140\" height=\"161\" \/><\/a>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 9th of October.<\/p>\n<p>Have you ever try stuffing a gold bar in your fuel tank?<\/p>\n<p>I am sure you haven't, and that is the point I want to make today. America runs on number two diesel fuel, not on gold bars. Without fuel, America's economy is dead in the water.<\/p>\n<p>Every year the world needs more and more energy. China and India provide good examples as the working class are moving from bicycles to mopeds and in some cases, even cars. All this upward mobility takes energy, and the energy for now is petroleum based.<\/p>\n<p>India and China have a combined population of 2.9 billion, representing 36% of the world's population. To put that in perspective, that is 9.2 times the size of the United States.<\/p>\n<p>And here's the wild card, and it's a big one: \"The Middle East\". What is going to happen in the most unstable part of the world? Any major disruption in that area will cause oil prices to skyrocket.<!--more--><\/p>\n<p>If that was not bad enough, Hugo Chavez just got reelected to the Presidency of Venezuela, for six more years! Chavez, who is no friend of the United States, can use his oil as an economic weapon against us. And he will, just as soon as he can make a deal with other countries to sell them oil.<\/p>\n<p>All told, it is not a rosy world picture for energy prices to remain stable. I recommend that you keep a close eye on crude oil and the ETF, USO. It could turn out to be your \"Trade of the Year\".<\/p>\n<p><span style=\"text-decoration: underline;\">QUICK TAKE ON THE MARKETS:<\/span><br \/>\nEQUITIES: Treading water. The trend is your friend and we are sticking to this market's major trend according to our Trade Triangle technology. We have an upside target of $1,550 on the S&amp;P 500 sometime next year.<\/p>\n<p>CRUDE OIL: On our watch list. The long-term trend is positive for crude and the intermediate-term trend remains negative based on our Trade Triangle technology. Watch this one closely.<\/p>\n<p>EURO: Treading water. Watch the 1.2800 level. Two of our Trade Triangles are green and are bullish for the Euro.<\/p>\n<p>GOLD: The calm before the storm. Two of our three Trade Triangles are green and are bullish on gold.<\/p>\n<p>COPPER: Watch the $3.70 level. Two of our three Trade Triangles are green and are bullish on copper.<\/p>\n<p>SILVER: Treading water, but watch the $33.50 level for support. Two of our three Trade Triangles are green and are bullish on silver.<\/p>\n<p>WILD CARDS: No changes. Here are the usual suspects: Syria, Turkey, Israel. The general election, \"the Fiscal Cliff\" and let's not forget Europe.<\/p>\n<p>Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.<\/p>\n<p><strong><em> <a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;mkt=blog1pm1009\" target=\"_blank\">Click Here to view today's video<\/a><br \/>\n<\/em><\/strong><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 9th of October. Have you ever try stuffing a gold bar in your fuel tank? I am sure you haven't, and that is the point I want to make today. America runs on number two diesel fuel, not [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4071,188,28,3839,310,3831,1069,147,23,1768,307,2074,566,7947,4053],"class_list":["post-16475","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-8-95-trial","tag-adam-hewison","tag-crude-oil","tag-donchian-channel","tag-dow","tag-dx","tag-euro","tag-fibonacci-resistance","tag-gold","tag-marketclub-tips-talk","tag-precious-metals","tag-sp500","tag-trade-triangles","tag-trading-videos","tag-williamr"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Video Update: America doesn&#039;t run on gold, it runs on \u2026 - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2012\/10\/daily-video-update-america-doesnt-run-on-gold-it-runs-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Video Update: America doesn&#039;t run on gold, it runs on \u2026 - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 9th of October. Have you ever try stuffing a gold bar in your fuel tank? I am sure you haven&#039;t, and that is the point I want to make today. America runs on number two diesel fuel, not [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2012\/10\/daily-video-update-america-doesnt-run-on-gold-it-runs-on\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-09T17:24:13+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/10\/daily-video-update-america-doesnt-run-on-gold-it-runs-on\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/10\/daily-video-update-america-doesnt-run-on-gold-it-runs-on\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"Daily Video Update: America doesn't run on gold, it runs on \u2026\",\"datePublished\":\"2012-10-09T17:24:13+00:00\",\"dateModified\":\"2012-10-09T17:24:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/10\/daily-video-update-america-doesnt-run-on-gold-it-runs-on\/\"},\"wordCount\":481,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"8.95 Trial\",\"adam hewison\",\"Crude Oil\",\"Donchian Channel\",\"dow\",\"DX\",\"euro\",\"fibonacci resistance\",\"Gold\",\"MarketClub Tips &amp; 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Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 9th of October. Have you ever try stuffing a gold bar in your fuel tank? I am sure you haven't, and that is the point I want to make today. 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