Author: admin

Is Market Sentiment Shifting to Gold?

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The Gold Report: Quite a few analysts believe 2015 will be a year of great economic volatility, as foreshadowed by what happened with oil in 2014. Do you agree?

Eric Coffin: I do think 2015 will be pretty volatile, with the potential for nasty financial surprises. We've already seen bond yields go negative in Germany, France and elsewhere, and we could see big moves in and out of different asset classes.

TGR: Could the oil price collapse be a leading indicator of a global economic slowdown?

EC: That's an oversimplification. Economic growth in China has slowed and will probably slow some more. And China is the 800-pound gorilla of commodity consumption. Estimates for worldwide growth in 2015 have recently come down but not enough to justify the drop in the oil price.

"Excelsior Mining Corp.'s Gunnison project has extremely good logistics."

The main reason for the oil price crash is oversupply. U.S. supply has grown massively due to fracking and horizontal drilling, while Libya and Iran have both added a million barrels a day. These events have disrupted the equilibrium.

TGR: Mario Draghi, president of the European Central Bank (ECB), has famously boasted he will do "whatever it takes" to save the euro. Greece will hold an election Jan. 25, and the polls tell there is a good chance the new government will reject its current arrangement with the ECB. If this occurs, can the euro be saved? Continue reading "Is Market Sentiment Shifting to Gold?" →

Play Defense With This Strategy In 2015

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By: Adam Fischbaum of Street Authority

 

Over the holidays, I decided to drive to Orlando and give the Walt Disney Co. (NYSE: DIS) a few of my hard earned dollars. My 12 year-old son talked me into riding the Tower of Terror at Disney’s Hollywood Studios.

As a thrill ride, the Tower of Terror plays on three of humankind’s most basic fears: falling, the unknown and the dark. I wasn’t that concerned. In the investment biz, that’s just another day at the office.

But when it comes to the investing, I’ll be honest. I am a concerned about the stock market in 2015.

Here’s why: It’s all about earnings.

At the end of the day, an investor should buy a stock based on the underlying company’s ability to deliver quality, consistent earnings. Those earnings should also be purchased at a fair-to-discounted price as measured by a stock’s price-to-earnings ratio (PE).

In more bullish times, investors are sometimes a bit too optimistic about the future and will push stock prices and their attached PE’s higher. In bearish times, they often become too pessimistic and drive prices and PE’s down.

I took notice after working on this chart of peak PE ratios for the SP 500 Index.

The way the picture tells the story, we’re overly optimistic and at the same valuations as before the 2008-2009 crash.

So are we so positive? The current numbers don’t indicate a profoundly bullish market in 2015.

Consensus estimates for the SP 500's 2015 EPS are around $125. In 2014, the SP saw EPS at around $117.

If things go according to plan, the market would see EPS growth of about 6-to-7%. Curb your enthusiasm. Continue reading "Play Defense With This Strategy In 2015" →

Weekly Futures Recap With Mike Seery

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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.

Gold Futures

Gold futures in the February contract are currently trading higher by $8 in New York this Friday afternoon trading at 1,216 an ounce after settling last Friday at 1,186 up around $30 this week hitting a 3 week high as terrorism in France has occurred with Al Qaeda now taking credit for killing 12 people and possibly more sending gold prices higher as a flight to quality.

Gold prices are trading above their 20 and right at their 100 day moving average looking to breakout however the true breakout does not occur until prices close above 1,240 on a closing basis which could possibly happen next week as gold prices have been grinding higher despite the fact that the U.S dollar hit a 9 year high which is generally very pessimistic precious metal prices but with worldwide tensions currently prices are holding their own. Gold prices have been in a steady long-term downtrend after hitting 1,900 back in 2011 as the stock market seems to be relentless to the upside, however profit taking is hitting the S&P 500 today sending money back into the precious metal but be patient on this trade and wait for the true breakout to occur which could take several weeks hoping that the chart structure will be tight allowing us to place a tight stop loss minimizing the risk to 2% of your account balance on any given trade so keep an eye on the gold market as it certainly looks like something is about to develop in my opinion.
TREND: HIGHER
CHART STRUCTURE: IMPROVING Continue reading "Weekly Futures Recap With Mike Seery" →

St. Jude Children's Research Hospital - INO Cares

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We are so happy to kick off the second year of our INO Cares campaign! Last year, we made donations to 15 nonprofit organizations and our employees got into the action - repairing houses, feeding the hungry, cycling and running to raise awareness for their favorite causes. What amazing experiences we had and we know that 2015 is going to be even more incredible.

This year, I thought it was important to ask our employees to nominate charities and organizations that were close to their hearts. We hope that you'll enjoy meeting some of our employees, hearing their stories and learning about some fantastic nonprofit organization in our area, the United States and throughout the world.

Diane Phillips is our Director of Operations here at INO.com. Diane is a mother of 2 and a grandmother to 7. Her grandchildren are her world and she always has a story to share about her little cuties with her fellow colleagues.

Given her love for children, Diane wanted INO Cares to give to St. Jude Children's Research Hospital for January!

St. Jude is a not-for-profit hospital that provides treatment to children with cancer and other catastrophic diseases and boasts one of the highest survival rates for some of the most aggressive pediatric cancers. Patients at St. Jude and their families will not receive bills for treatment, travel, housing or food due to the charity of individuals who cover their $2 million per day operating cost.

We are proud to make St. Jude Children's Research Hospital our INO Cares January recipient!

If you know of a charity or organization that could use some help, please share it with me. We'd love to help support organizations that our blog visitors are passionate about as well!

Best,

Lindsay Bittinger
INO.com, Inc.

Chart of The Week - Corn to Move Higher

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By: Chris Wilkinson of Longleaftrading.com

Corn has been in an upward trend since it put in its lows at the beginning of October. From there the chart has traded a series of measured Fibonacci levels all the way into profit targets each time. Last week's correction brings us right at the next Fibonacci sequence to take a long position and stick with this trend.

For a review of the previous Fibonacci sequence that traded into profit targets we draw the Fib tool from the lows of November 19th (362.5) up to November 28th highs (393.75). With this drawn you can see the market pulled back and found support right on the 50% level and traded directly into its first and second profit targets, the -23.6% Fib level and the -61.8% Fib level. See the Chart below.

4 Hour Chart Corn

Now that the previous move has corrected we continue to draw the next series until we get to one that fails the 61.8% level. A failure happens when we get a strong close on a large time candle. An hourly close or higher is sufficient to call it a failure. Normally smaller time frames will trade back and forth around those levels so I look to larger time frames for confirmation. If a failure happens it is assumed the trend is over and the next one begins in the opposite direction.

The next move found by using the Fibonacci tool is drawn from the support of the previous move. We use the lows of December 3rd (377.25) and draw it all the way up to the new highs on December 29th (417). See Chart Below. Continue reading "Chart of The Week - Corn to Move Higher" →