Tag: longleaftrading.com

An Interview With Brian Booth of longleaftrading.com

Posted on by The INO.com Team

I recently interviewed Brian Booth from longleaftrading.com. Many of you will remember the name as he writes our Gold Chart of the Week article each Monday right here on the Trader's Blog.

Before getting involved in the financial markets Brian was involved in the life insurance business. This lead to an interest in the stock market and long-term financial planning.

I think you'll find Brian's approach very refreshing when you watch this Skype interview. In the interview, I was able to ask Brain some very pointed questions such as, "what is the worst trade you ever made?" I think you'll be surprised at how Brian feels about that trade today.

I hope you enjoy this interview with one of the most interesting market minds I have run across in recent times.

Adam Hewison
Co-Founder of MarketClub.com

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (December 3rd through December 7th)

Welcome everyone to the month of December and to trading the February Gold Futures. The futures First Notice Date was last week on Friday and we will move our attention to the February Futures chart.

Last week ahead of the roll date, Tuesday provided a small slip in the price while Wednesday brought a sharp drop that took me by surprise. On the open of the pit traded session,  Warren Buffet made a comment in an interview to CNBC regarding his take on the Fiscal Cliff negotiations that drove Gold prices to trendline support in a hurry. Buffet suggested the Fiscal Cliff agreement would likely be made but said he did not feel that Washington would have the ability to get the job done by the end of the year. This remark was made one day after Senator Reid told reporters that he was not confident in the Republicans and Democrats at all. He thought that no progress had been made yet and traders responded by taking gains from the prior Fridays rally.

So while we are now trading past the December Futures contract, not much has changed. One day the markets are happy and taking the stairs up while the next day the markets are disappointed and taking the elevator down. Even though we started this week’s trade with a continuation of a weaker US Dollar (normally a bullish indicator for Gold) we are seeing little interest in Gold. Continue reading "Gold Chart of the Week" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

WEEKLY GOLD REPORT (November 26 through November 30)

After a strong finish last week in most major global markets, we begin this week flat after the festivities.

Following the Thanksgiving Holiday in the United States, traders were lined up to buy anything that they could get their hands on during Friday’s shortened trading day. It seemed that markets were still reacting from news earlier in the week, and probably taking advantage of the light volume opportunity.

Throughout the shortened week, markets like Gold were moving sideways to higher following news in the United States that Democrats and Republicans were enthusiastic about the upcoming “Fiscal Cliff” negotiations. Across the pond, European news suggested that while no final decisions were made regarding Greece yet, a good old fashioned can-kicking would suffice. The Eurogroup/IMF Meeting will continue today to decide on Greek Debt and the next tranche of cash. Prior to the meeting, it was reported that “considerable progress” has been made. Apparently, these delayed decisions were enough for investors like George Soros and John Paulson to report they had added to their already hefty long Gold positions. Continue reading "Gold Chart of the Week" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report

Two words can best define the sentiment of most major markets over the last few days of trading……..RISK ON.

Monday through Thursday last week saw disappointing news in the United States and abroad that dragged on almost everything outside of the US Dollar and the US Treasuries. There were no positive reports in Europe, China, or Japan. Furthermore, things are escalating quickly in Israel and dragging on global sentiment. Lastly, the United States put the blame on Hurricane Sandy after huge misses in the Initial Claims and Philly FED Report. There was also continued pressure on the markets as all major news outlets anticipated the outcome of the Fiscal Cliff debates in Washington. That is, until Friday……… Continue reading "Gold Chart of the Week" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report 11-12 through 11-16

We begin this week in a light volume trade as the United States recognizes Veterans Day across the country. While the Gold Futures trade inside Fridays range, the market appears poised for higher prices this week.

After collapsing on the first and second day in November, the market has shown strength on a day to day basis. Fundamentally, all markets had to deal with a heated Presidential Election in the United States. The expectation was that a win by Barack Obama would help underpin Gold prices, as his policies would continue to give Ben Bernanke freedom to devalue the US Dollar through Quantitative Easing. Surprisingly, the US Dollar and Gold rallied side by side last week, which caught many traders off guard, but was welcomed by market bulls. This decoupling is not something that we see every day, which probably explains Gold’s cautious rally throughout last week’s trade. One can only wonder how high the price could have gone if the Dollar was down last week! Continue reading "Gold Chart of the Week" →