Tag: Gold

Don't Keep Your Gold and Silver in the US, Says Marc Faber

Posted on by The INO.com Team

Publisher Marc Faber discusses the fragile state of the US and global financial systems… how rising inflation will affect the average American… how soon the bubble will burst… and why gold and silver will triumph.

Here are a few highlights:

"The US is a country that likes to create trouble, but they don’t like to clean up things."

"We've now been five years into the bull market and the US economy bottomed out in June 2009. We already had a crack-up boom—not in the economy of the typical household, but in the economy of the super-well-to-do people, whose asset prices rose dramatically and as a result created a huge wealth inequality." Continue reading "Don't Keep Your Gold and Silver in the US, Says Marc Faber" →

Gold Contrary Indicators

Posted on by The INO.com Team

The gold sector is peopled by a high concentration of contrary indicators because it is a relatively (to the vast world of equities and bonds) small market that offers refuge from some of the damaging aspects of the spectrum of investment products that are supported by the manipulation of interest rates and printed (and digitally created) money supplies. Thus, gold has moral high ground if an asset can be thought to have morality.

More accurately, the people bullish on and promoting gold take high moral ground and that is where the emotional power comes from in this market. This power feeds upon the desires of regular people to not suffer the consequences of the 'evil' actions of those running a system that many do not agree with. Readers of this site know of course that I certainly don't agree with the setting and manipulation of interest rates by decree of man (and woman) in service to engineering desired outcomes in financial markets. Continue reading "Gold Contrary Indicators" →

HUI Gold Bugs Index Symmetry

Posted on by admin

There is a growing presence out there talking about a potential Inverted Head & Shoulders (IH&S) on the HUI, which NFTRH has had going since mid-late last year.  Below is a simple view of it, with last week's 'Week 2 down' making perfect sense (symmetrically speaking) with 'Weeks 1 & 2 up'.

hui

NFTRH subscribers had a heads up (from both a sentiment and technical view) that it was time for traders to take profits and holders to prepare for corrective activity in and around the Ukraine hysterics that threw over the final upside (right side of the neckline). Continue reading "HUI Gold Bugs Index Symmetry" →

Are The Markets Just Teasing Us?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Wednesday, the 26th of March.

It would appear as though most of the major indices have just been spinning their wheels and going nowhere fast in the past 4 to 5 weeks as they have all been in a broad trading range. This type of market action can lull investors to complacency, but for me it has always been a wake-up call to pay close attention to the market as something big is going to happen.

As I see it, the market is doing one of two things, it's either building a base to move higher or it's a distribution top – only time will tell which is the correct answer.

One of our members suggested that the Dow 30 could be making an inverse head and shoulders formation. Certainly this is possible, but I need to see a clear breakout to the upside to confirm this formation.

The other concern I have is the damage done to the NASDAQ earlier this week as it fell to a 6-week low. How this particular index closes on Friday is going to be very important in my mind. Again, I will be watching this market very closely for signs of either a continuation of the bullish trend or a top. Continue reading "Are The Markets Just Teasing Us?" →

Get Out Of Gold Stocks -- Right Now

Posted on by admin

Few investments are driven by psychology and fear as much as gold. Concerns about ruinous inflation, global tensions or economic instability can send investors out of stocks and right into the seemingly safe harbor of gold.

Is the fear trade back on? A double-digit rebound in gold prices since the year began has led some investors to wonder if gold is poised for a great 2014 after a dismal slump in 2013 when gold prices fell more than $400 an ounce. Junior gold miners have fared even better: The Market Vectors Junior Gold Miner ETF (NYSE: GDXJ) is up roughly 35% in the past three months.

Much of the impetus for an upward move in gold prices was the building tensions in Ukraine, which led to concerns about potential military escalation. It's now apparent that financial sanctions, and not a deepening of a war posture, will characterize the hardening Russia/European Union relationship, and the risk factor is slowly receding. Continue reading "Get Out Of Gold Stocks -- Right Now" →