Author: The INO.com Team

The Trump Trade Pushes Stocks To New Records

Posted on by The INO.com Team

Hello MarketClub members everywhere. By saying the words "Phenomenal tax plan" on Thursday, President Trump jump-started the "Trump Trade" as markets resumed their assault on record highs. President Trump also said in a meeting with the airlines on Thursday that "lowering the overall tax burden on American business is big league... that's coming along very well," adding that an announcement would come over the next two or three weeks. Stocks have climbed to record highs following these remarks.

MarketClub's Mid-day Market Report

But that begs the question, who was really trading yesterday? With the massive snowstorm in the northeast the trading volume was lower than average and it seems that the trading computers were the ones pushing the market higher. Scary to think about right?

Key levels to watch next week: Continue reading "The Trump Trade Pushes Stocks To New Records" →

Canada's Only Legal Monopoly Is Up 360% In 12 Months

Posted on by The INO.com Team

Analysis originally distributed on February 1, 2017 By: Michael Vodicka of Cannabis Stock Trades

If you want to invest in a legal monopoly – I’ve got just the cannabis stock for you.

This early industry leader is the only Canadian cannabis stock with a license to produce and sell cannabis in Alberta – Canada’s fast-growing and fourth-largest province with a population of 4.1 million.

It just reported record first-quarter results, with revenue up 151% from just last quarter.

And finally, it’s in the early stages of building an 800,000 square foot, state of the art, cultivation center.

When you add it all together, this early industry leader is one of the most exciting stocks in the cannabis sector.

Aurora Cannabis Inc. (NASDAQ:ACBFF) is the second largest medical cannabis company in Canada with a market cap of $650 million.

Aurora currently operates a 55,200 square foot cultivation facility in Mountain View County. Continue reading "Canada's Only Legal Monopoly Is Up 360% In 12 Months" →

Unexpected Fall Of Gasoline Inventory Pushes Oil Higher

Posted on by The INO.com Team

Hello MarketClub members everywhere. Oil prices rose off the morning lows after government data showed that U.S. gasoline supplies unexpectedly slipped, while crude stockpiles have increased the most since October.

Gasoline stockpiles fell 869,000 barrels, pushing refining margins higher. Crude inventories climbed 13.8 million barrels in the week ended Feb. 3, the Energy Information Administration (EIA) said. That was in line with the industry-funded American Petroleum Institute, which reported a 14.2 million-barrel increase on Tuesday. Gasoline demand climbed the most in a year.

MarketClub's Mid-day Market Report

"There's been a lot of concern about plunging gasoline demand and with this report, it's returned to normal levels," John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy, said by telephone. "Healthy gasoline demand eventually translates into higher refinery runs and increasing crude demand." Continue reading "Unexpected Fall Of Gasoline Inventory Pushes Oil Higher" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the April contract settled last Friday in New York at 1,191 an ounce while currently trading at 1,213 up over $20 for the trading week right near a 10 week high as I've been sitting on the sidelines in this commodity recommending bullish positions in silver and copper. Gold prices are still trading above their 20-day but below their 100-day moving average as the trend is mixed to higher in my opinion as the U.S dollar is still hovering right around the 100 level as I'm also recommending a short position in that currency at present. The monthly unemployment number was released this morning adding about 227,000 new jobs having very little impact on gold prices in today's trade. The next major level of resistance is yesterday's high around 1,227 and if that is broken, I think we could go back to around the 1,300 level right where we were before the Trump election as there is still room to run to the upside. Continue reading "Weekly Futures Recap With Mike Seery" →

Why It's Time To Buy Barrick Gold Corporation (NYSE:ABX)

Posted on by The INO.com Team

Hello everyone, Adam Hewison here coming to you from the digital studios of MarketClub. Yesterday, the Barrick Gold Corporation (NYSE:ABX) had a major trend change to the upside signaled by a new green monthly Trade Triangle. It's the first buy signal ABX has had since it began its move on January 7, 2016. At that time the signal was it $8.33 and the market moved as high as $23 before pulling back.

Today I have put together five different charts that show why I believe Barrick Gold is headed significantly higher.

About This Stock

Barrick Gold Corporation (NYSE:ABX) engages in the exploration and development of gold and copper properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. It primarily explores for gold, copper, and nickel deposits. The company's main properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero. As of the end of 2015, ABX had proven and probable gold reserves of 91.9 million ounces; and 11.7 proven and probable copper reserves of billion pounds. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

Chart #1

In chart number one can see that Barrick Gold broke over a 52-month long-term negative force line (1) and moved as high as $23 a share (2) before pulling back 50% (3).

Barrick Gold Corporation (NYSE:ABX)

Continue reading "Why It's Time To Buy Barrick Gold Corporation (NYSE:ABX)" →