Tag: Gold (FOREX:XAUUSDO)

3 Reasons Why You Should Be Watching Gold

Posted on by The INO.com Team

Greece has once again "kicked the can down the road," but they may not be out of the woods yet according to the European Commission, European Central Bank and IMF, who have all warned Greece that action speaks louder than words.

That brings me to the point of today's blog posting, and that is action speaks louder than words. In our case, it is market action that speaks louder than Fed Chairwoman, Janet Yellen, or any other verbiage that comes out of a politician's mouth.

With that thought in mind, I'm going to take a look at the market action for all the major markets today, with a special look at gold (FOREX:XAUUSDO). I'll give you three reasons why you should be watching this market.

It would appear at the moment that many of the world’s disruptive events like Ukraine, Greece and the Middle East are all in a temporary recessionary mode at the moment. That leaves the markets themselves to determine their trends. Market action will always point the way to the next big moves as opposed to words and promises from world leaders.

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

Short Copper, Pray For Gold, Watch Ratio

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Dear INO.com Readers,

Today, I'm reviewing three metals based on short-term analysis.

Copper Is A Good Sell

Daily Copper Candlestick Chart

In my January post, I recommended selling copper above $2.75 and I hope you enjoyed a nice profit. For those of you who didn’t take that chance, below is my new one for you.

In December, copper entered a small steeper downtrend (highlighted in red) as the falling price accelerated. After breaking below the descending triangle’s base at $3.02 on the monthly charts, this red metal hit a multi-year low at $2.42, unseen from 2009, losing an impressive 20% in just 2 months. The price met the downside of the channel and quickly bounced off for a $0.20 gain and I will show why you should consider it a dead cat bounce. Continue reading "Short Copper, Pray For Gold, Watch Ratio" →

Greece, Nazis And 3 Strong Sectors

Posted on by The INO.com Team

It's hard for me to believe that the newly installed Greek government is now calling for Germany to make reparations of some $250 billion because of what the Nazis did 75 years ago to Greece. Such is the world we live in.

Make no mistake about it, Greece is the Achilles' heel of the euro and just this morning Alan Greenspan, former head of the U.S. Fed, came out and indicated that it was just a matter of time before Greece exits the euro. I couldn't agree more with him, Greece is just an accident waiting to happen.

Unlike the United States, which is one nation with one currency and laws, the euro has been cobbled together with a number of countries that have nothing in common with each other. They don't speak the language, they don't have the same customs and traditions, and they certainly don't share the same discipline for work. Continue reading "Greece, Nazis And 3 Strong Sectors" →

All Eyes On Crude Oil

Posted on by The INO.com Team

Has crude oil bottomed out? That's the question on investors minds today as this market has moved up close to 10% in just the past few days. I have been warning of a rally based on the positive divergences I saw on the daily charts and the fact that the end of January marked the seventh month in a row that crude oil had closed lower.

Whether this is a dead cat bounce or a reversal of major proportions in the oil patch sector remains to be seen. Certainly, the market is getting close to making some major technical reversal signals and should they kick in I will, of course, follow them. What often happens with prolonged market trends whether they are on the upside or downside they tend to lull traders and investors to sleep who are expecting to see more of the same.

In today's video, I'll be looking at crude oil (CL.H15.E) and sharing with you the exact point where crude will reverse its downward trend and start a new bull trend. Whether this will be a dead cat bounce, meaning just a short covering rally or a true reversal to the upside remains to be seen. I'll be examining both scenarios in today. Continue reading "All Eyes On Crude Oil" →

Shocking News From Amazon And Google

Posted on by The INO.com Team

After the bell yesterday, Amazon.com Inc. (NASDAQ:AMZN) announced, to the surprise of many, that they made a profit. That, of course, is good news if you were long their stock. The Trade Triangle technology got this one wrong, but also got it right as well, let me explain.

Prior to Amazon's earnings announcement, the Trade Triangles were on the sidelines having received a signal to cover any short positions on January 23rd at $314.75. While the Trade Triangles missed the big 10% up-move in after-hours trading yesterday, it certainly did not cause any harm either. Not getting caught wrong-footed in the market is an important element to successful investing. Or to use Warren Buffett's number one investment rule: #1. Do not lose money. His second investment rule is: #2 Do not forget rule number one.

Jeff Bezos, the chief honcho at Amazon and its driving force, decided to hold back on some some of his expansion spending and give investors something to smile about while placating the street, which was beginning to think that Amazon would never make money. Continue reading "Shocking News From Amazon And Google" →