Analysis originally distributed on January 4, 2017 By: Michael Vodicka of Cannabis Stock Trades
Cannabis stocks had a ridiculous year in 2016.
The MJIC North American Cannabis Stock Index was up 208%. Take a look below.
Chart courtesy of MarijuanaIndex.com
Congratulations to the smart people who invested. Your portfolio had a great year.
Looking forward, I am expecting more of the same in 2017. Continue reading "North American Cannabis Stock Index up 208% in 2016"
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 in the February contract settled last Friday in New York at 1,151 an ounce while currently trading at 1,177 up about $26 for the trading week as I have been sitting on the sideline's in this market for several months as a possible bottom now may have been formed. The chart structure is poor at present as the 10-day low stands at 1,129 as the monetary risk is way too high to enter at this point so keep a close eye on this market on any type of price retracement & a couple more days off the calendar then we could be entering a possible bullish position as I do think the commodity markets will move higher in 2017. Gold prices are now trading above their 20-day but still far below their 100-day moving average has this has been a longer-term bearish trend for several years as the U.S dollar is still hovering right near 14 year high as that is the main culprit to the precious metals in recent history coupled with the fact of a very strong U.S stock market continuing to take money out of the precious metals and into other sectors. Continue reading "Weekly Futures Recap With Mike Seery"
While we all know the saying, 'past performance is not indicative of future results', taking a look back at what happened in the past is always a smart move. That is because as the other saying goes, 'those who do not know history are doomed to repeat it.' And the past mistakes we are about to discuss are certainly not mistakes you want to be repeating anytime soon.
So now that 2016 is over, let's take a look at a few of the worst performing Exchange Traded Funds during the year and see what we can learn from these epic failures.
The biggest Exchange Traded Fund loser of 2016 was Direxion Daily Junior Gold Miners Index Bear 3X Shares ETF (PACF:JDST) which lost an astonishing 97.95% of its value in 2016. The three times leveraged bear portfolio ran into a buzz saw in 2016 and lost investors some serious capital. At its last reporting the fund only had $84 million in assets under management, which is scary for a fund that has an inception date in October 2013. JDST attempted to inverse exposure to the Market Vectors Junior Gold Miners Index, which is a market capital weighted index of mining companies that receive at least 50% of their revenue from gold or silver mining. Furthermore, the index caps exposure to silver mining companies at 20% each quarter, meaning the index is 80% gold mining. Continue reading "3 Big 'Exchange Traded Fund' Losers of 2016"
As the New Year approaches us with hopes anew, here's to wishing you and your family a wonderful year ahead.
Happy New Year!
Every Success in 2017,
The INO.com Team
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