Tag: Gold (FOREX:XAUUSDO)

Who Is Going To Bet Against George Soros?

Posted on by The INO.com Team

Hello MarketClub members everywhere. The big question today is, who is going to say George Soros is wrong? This is the same man who bet against the Bank of England in 1993 and made over a billion dollars! That is when a billion dollars used to be worth a whole lot more than it is now.

One expression I heard many years ago in the early part of my career is, "they don't ring a bell at the top of the market." It's one of the best expressions I have ever heard in the marketplace and it's true, nobody tells you exactly when it's the top of the market.

MarketClub's Mid-day Market Report

Whether this is the top, or we are close to the top, it really is too early to say. However, there is a certain feeling in the air of uncertainty and that alone can cause stocks to go down. Continue reading "Who Is Going To Bet Against George Soros?" →

Gold & Silver: First Pullback

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Chart 1. Gold Daily: Second to Win but First to Hold

Gold: Daily Chart
Chart courtesy of tradingview.com

The top metal has was just $4 from reaching the target of $1307 which was set in my March post. It had reached a high of $1303 on May 2nd before it started a one-month long correction anticipated in the same post. The depth of the correction is minimal at 38.2% and is well above the normal retracement area within the 50-78.6% range ($1176-$1101) highlighted in the March post. Continue reading "Gold & Silver: First Pullback" →

Is The Stock Market Decoupling From Crude Oil?

Posted on by The INO.com Team

Hello MarketClub members everywhere. This morning crude oil moved over $51 a barrel, its best level in nine months. In the last couple of years, there has been a strong correlation between the stock market and the price of crude oil. But, is that correlation about to decouple?

MarketClub's Mid-day Market Report

In today's video, I will be analyzing crude oil (NYMEX:CL.N16.E) and providing you with potential profit targets. Now that the $50 level has been breached, you can look at $50 as perhaps the new floor for crude oil. Since the beginning of the year, I have seen a fairly consistent move to the upside that many economists missed, yet the Trade Triangles have flourished with their non-opinionated approach to the market. Continue reading "Is The Stock Market Decoupling From Crude Oil?" →

The Story of Three A's - Apple, Amazon and Alphabet

Posted on by The INO.com Team

Hello MarketClub members everywhere. Well, we are at the beginning of a new week on a rather unusual day when we have three sixes in the date, that's not going to happen again until the 26th or until we hit 2026. That occurrence aside, I want to take a look at all the markets and in particular, the three A's

MarketClub's Mid-day Market Report

Let's begin by looking at Apple: Continue reading "The Story of Three A's - Apple, Amazon and Alphabet" →

The Numbers Add Up to Vindication for a Cautious Gold Bull...

Posted on by admin

Precious metals expert Michael Ballanger discusses the importance of caution and timing in gold investment.

Back in early March, with the HUI screaming along north of 150, I published "Patiently Climbing Aboard the New Golden Bull," in which I opined that we had entered a brand-spanking-new bull market in precious metals and related equities. But I also noted that, with the Relative Strength Index (RSI) above 85 on the daily SPDR Gold Trust ETF (GLD) and approaching 80 on the daily NYSE.Arca Gold BUGS Index (HUI), the short-term outlook was less than appealing, while the intermediate and long-term outlook was unequivocally bullish for the first time in five long years. Continue reading "The Numbers Add Up to Vindication for a Cautious Gold Bull..." →