Tag: Gold (FOREX:XAUUSDO)

Did You Miss These Two Signals?

Posted on by The INO.com Team

At the beginning of the week, I stated that this week would be a game changing week. It's beginning to play out that way with tomorrow being the key day.

Yesterday, the Trade Triangles issued a major buy signal in gold (FOREX:XAUUSDO). Could this possibly be indicating that inflation is on its way? I have said all along that the only way the United States can get out of its multi-trillion dollar deficit hole is to inflate asset prices.

Today, the Trade Triangles issued a buy signal on the Dow (INDEX:DJI). Can the NASDAQ and S&P 500 follow behind?

In today's video, I will be looking at gold and where I think it's headed to the upside and the implications it could have on equity prices. Continue reading "Did You Miss These Two Signals?" →

3 Reasons Why This Week Could Be A Game Changer

Posted on by The INO.com Team

Hello everyone, welcome to the beginning of a new trading week and what could be a game-changing week for the markets.

What stood out to me last week was the massive rally on Friday with the jobs numbers that were perceived to be better than expected. If that were not enough over the weekend, we had interest rates cut in China, with stocks over there rallying to the best levels in two weeks.

Here are the three reasons why I think stocks have the potential to go higher. Continue reading "3 Reasons Why This Week Could Be A Game Changer" →

Did This Multi-Billion Dollar Company Just Make A Major Reversal To The Upside?

Posted on by The INO.com Team

Today, I'm going to be looking at a very well-known stock that has all the tell-tale signs of having put in a major low this week. This company also just announced a new CEO, as well as a significant earnings beat.

In addition to this stock, I will also be looking at all three of the major indices. All three indices flashed warning signals yesterday to move to the sidelines.

The broad trading range that is the gold market right now continues. Today, gold experienced a sizable decline and is rapidly approaching the lower levels of its trading range.

Crude oil has taken a bit of a pause, but remains on its upside trajectory. I'm still thinking that an upside target zone of somewhere around $68-$70 a barrel is in the cards.

The dominant dollar has been losing ground against the Euro for the past four weeks. While we may see another dollar bounce, the dollar continues to look less powerful than it did just four weeks ago. I still think that the euro can go somewhat higher (1.1500) from where it is right now.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

April Was A Positive Month For All Of The Indices

Posted on by The INO.com Team

Despite choppy trading conditions, all the major indices closed out the month of April in the plus column. While these gains were very small, they were nonetheless gains for the month. The NASDAQ closed out the month at 4,941.88 which represented a gain of .69%. The S&P led the group with a gain of .85%, while the Dow lagged with just a small gain of .36% for the month of April.

There was no question about it, the last week in April was difficult with the sharp drop in equity prices. If one looked just at the short-term trends, you could easily be blinded to the longer-term positive trends that are currently in place for all the major indices.

In today's video, I'll be examining the major indices to see how much damage was done with this short-term pullback. I will also be looking at gold which closed out the month of April with small losses and looks to be on the defensive today. Continue reading "April Was A Positive Month For All Of The Indices" →