Tag: copper

Chart to Watch - Copper

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of December Copper (HG.Z12.E).

I hope you are having a GREAT week !

This week we will take a look at December Copper, as it looks to definitely be a Chart to Watch right now!

The monthly MarketClub Trade Triangle is green which means the monthly time frame is bullish.

Copper looks to be forming a Head and Shoulders base, and if it breaks out to the upside MarketClub will put in a green Trade Triangle on the weekly time frame. Continue reading "Chart to Watch - Copper" →

Slow trading before Thanksgiving, unless ...

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 21st of November.

SLOW TRADING, UNLESS ...

It is going to be slow trading today as many traders and investors have taken off for the Thanksgiving holiday. The only fly in the ointment that would spark a major move would be an escalation of conflict in the middle east.

We do however, expect the markets to remain on the quiet side for the balance of the day. With volume down for all asset classes for the year, we see little reason for anyone to jump into the market today and begin trading.

We will not have a broadcast on Friday the 23rd. Our next broadcast will be on Monday the 26th. To all of our American members and friends, we wish you a happy Thanksgiving!

FOR THOSE OF YOU WHO WILL BE CHECKING PRICES ON THE 22nd Continue reading "Slow trading before Thanksgiving, unless ..." →

Can a 12-year bull market continue in 2013?

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 20th of November.

12 YEAR TREND

For the past 12 years, gold has been in an uptrend by closing higher every year. We have had pullbacks, but for the most part, if you had bought gold at the beginning of the year and held it to December 31st, you would have made money. The question is, can this powerful trend continue through to 2013? Predicting one year into the future is a tricky business for anyone and it is one that we do not engage in here at MarketClub. We prefer to rely on our tried, trusted, and market proven Trade Triangle Technology that has produced consistent results for the gold market over the years.

A move over the $1,738 level, basis spot gold, will indicate that all is not well fiscally in the world. Should this level be breached during this shortened trading week, you should buy gold to protect your purchasing power. This could be in the form of a futures contract, an ETF (GLD or IAU), or physical gold.

OIL FLASHES A BUY TRADE TRIANGLE Continue reading "Can a 12-year bull market continue in 2013?" →

In a complicated crazy world, we say keep it simple

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 19th of November.

KEEP IT SIMPLE

There is no doubt about it, events in the world are as crazy and complicated as ever as we head into the Thanksgiving holiday.

Just look at the multitude of challenges investors are facing at this very moment:

* MIDDLE EAST: A potential explosive situation developing between Israel and Gaza.

* UNITED STATES: The fiscal cliff, as it gets closer everyday.

* EUROPE: How can we overlook the long playing Greek and European disaster that is slowly unfolding and exposing the free world to even greater risk? Continue reading "In a complicated crazy world, we say keep it simple" →

When you read about it, it's too late!!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 15th of November.

It's too late!

All we have been hearing about lately is the infamous "Fiscal Cliff". The "Fiscal Cliff" has become an obsession with the financial press and you cannot turn on a financial cable news show or read news on the web without the "Fiscal Cliff" looming over us like a big storm cloud.

Here's a reality check: Long before you could read about the "Fiscal Cliff" problem, the markets were telling you in no uncertain terms that things were not rosy for the economy. We're not saying the markets knew that Gov. Romney was not going to get elected, that the "Fiscal Cliff" was about to hit us like a rogue asteroid, and that Europe was about to implode. The reason doesn't matter, the markets started heading south over a month ago! Continue reading "When you read about it, it's too late!!" →