Tag: Gold (FOREX:XAUUSDO)

Waiting On The Fed

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks are little changed today as traders eagerly await a key Federal Reserve release. The central bank is scheduled to release the minutes from its meeting earlier this month and Wall Street is expected to parse through them in search of clues about when and how many times it will raise interest rates this year.

MarketClub's Mid-day Market Report

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) is increasingly moving beyond its core e-commerce business to search for new avenues of growth. Over the weekend, Alibaba announced it had formed a strategic partnership with Shanghai Bailian Group, one of China's largest supermarket and department store chains, in order to deepen its so-called "New Retail" strategy. And on Tuesday, Alibaba's finance arm, Ant Financial, announced a $200 million investment in South Korea's dominant messaging app Kakao Talk.

Key levels to watch next week: Continue reading "Waiting On The Fed" →

Is Gold Getting Ready For A Big Run?

Posted on by The INO.com Team

While most of the focus has been on the equity markets lately, the gold (FOREX:XAUUSDO) market has slowly been inching up. After making an all-time high close of $1904.92 on September 5, 2011 (see fig 1) the gold market then spiraled lower for the next several years. All that changed in 2016 when gold found a floor it liked and rallied to produce its first positive year since 2011, closing up almost 10% for the year.

Gold (FOREX:XAUUSDO) Chart

Take a look at the chart, the dominant feature in this close only spot gold chart is the 6 yr downward trend line (see fig 2). This is a classic trend line and an important technical tool. The key elements of any trend line are that it touches three price points. The other key level to look at is where the downward sloping trend line will be broken on the upside. That will occur in this particular trend line when spot gold trades over $1300 an ounce. At that time I believe that gold will embark on a multiyear bull market. Continue reading "Is Gold Getting Ready For A Big Run?" →

Love Metals? Good For You!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


There is an interesting opinion that I have read on the web that it wasn’t Trump who put the metals on the rise as many people think, it could be the Chinese huge economic stimulus instead, as shown in the chart below.

Chart 1. China Government Spending, China Interest Rate
Chinese Interest Rate vs. Govt. Spending
Chart courtesy of tradingeconomics.com

I decided to make my own analysis of the price dynamics to check this assumption.

Chart 2. 1-Year Comparative Chart of ETFs and Metals: Synergy Wins!
ETFs vs. Metals
Chart courtesy of tradingview.com

In the chart above, I have combined three ETFs and three metals for clear illustrations of two important things - the first thing is timing and the second thing is the result of the instrument choices.

The three ETFs are: Continue reading "Love Metals? Good For You!" →

The Trump Trade Pushes Stocks To New Records

Posted on by The INO.com Team

Hello MarketClub members everywhere. By saying the words "Phenomenal tax plan" on Thursday, President Trump jump-started the "Trump Trade" as markets resumed their assault on record highs. President Trump also said in a meeting with the airlines on Thursday that "lowering the overall tax burden on American business is big league... that's coming along very well," adding that an announcement would come over the next two or three weeks. Stocks have climbed to record highs following these remarks.

MarketClub's Mid-day Market Report

But that begs the question, who was really trading yesterday? With the massive snowstorm in the northeast the trading volume was lower than average and it seems that the trading computers were the ones pushing the market higher. Scary to think about right?

Key levels to watch next week: Continue reading "The Trump Trade Pushes Stocks To New Records" →

Unexpected Fall Of Gasoline Inventory Pushes Oil Higher

Posted on by The INO.com Team

Hello MarketClub members everywhere. Oil prices rose off the morning lows after government data showed that U.S. gasoline supplies unexpectedly slipped, while crude stockpiles have increased the most since October.

Gasoline stockpiles fell 869,000 barrels, pushing refining margins higher. Crude inventories climbed 13.8 million barrels in the week ended Feb. 3, the Energy Information Administration (EIA) said. That was in line with the industry-funded American Petroleum Institute, which reported a 14.2 million-barrel increase on Tuesday. Gasoline demand climbed the most in a year.

MarketClub's Mid-day Market Report

"There's been a lot of concern about plunging gasoline demand and with this report, it's returned to normal levels," John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy, said by telephone. "Healthy gasoline demand eventually translates into higher refinery runs and increasing crude demand." Continue reading "Unexpected Fall Of Gasoline Inventory Pushes Oil Higher" →