This Coin Smashed All...Again...And Again To Pieces!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


A year ago I wrote about the comparative dynamics of three outstanding kinds of money of different generations – the older generation was represented by gold, the 20th-century generation was represented by the Dollar (Index) and for the modern generation I used the cryptocurrency Bitcoin (BTC). I think some of you have just discovered the serious value of Bitcoin as it just crushed the rivals doubling its value. The dollar index (DXY) gained only 8% as gold showed negative dynamics in 2015. Below I put the result of the poll you voted on a year ago for the 2016 year performance.

Chart 1. Voting results January 2016: You Bet On Safety

INO.com Bitcoin Poll Results

I noticed that there are a plenty of gold bugs among regular readers as gold gathered the most votes. The second position went to bitcoin and it shows that there are many modern enthusiasts among our readers. It looks like the least amount of optimism was felt about the US dollar’s future although it didn’t rank the last in 2015. Let’s see, in the chart below who the winner was. Continue reading "This Coin Smashed All...Again...And Again To Pieces!" →

Global Oil Glut To Build Through 2018, EIA Says

Posted on by Robert Boslego

Robert Boslego - INO.com Contributor - Energies


The Energy Information Administration (EIA) published its Short-Term Energy Outlook (STEO) for January, and for the first time provided its projections for 2018. After all of the hype about the OPEC production cut, it may come as a surprise that the EIA is projecting a rise in global oil inventories in 2017 and 2018.

Specifically, the EIA had estimated that OECD oil stocks ended at 3.101 billion barrels at the end of 2016. It's forecasting them to rise further to 3.127 and 3.158 billion at the end of 2017 and 2018, respectively. The 5-year ending average as of December 2014, before the glut started, was 2.666 billion. Continue reading "Global Oil Glut To Build Through 2018, EIA Says" →

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 1,176 an ounce while currently trading at 1,196 up $20 for the trading week continuing its bullish momentum right at a 7 week high. I have been sitting on the sidelines in this market looking at entering into a bullish position as I do think the precious metal sector has bottomed, however, the chart structure needs to improve as the 10 day low stands at 1,149 which is too far away, in my opinion, risking too much money so be patient as we could be in a bullish position in several of the precious metals later next week. Gold prices are still trading above their 20-day but below their 100-day moving average telling you that the shorter-term trend is mixed as the U.S dollar is also near a 4 week low as gold prices have been hit over the last year as all the interest remains in the S&P 500 which is right near another all-time high. Trading is all about risk/reward & its not in your favor at the present time, but could be later next week or on a significant price decline as I'm looking at buying this market around the 1,180 level which could happen on any given day so be nimble and quick as trading does not resume until Tuesday afternoon because of the holiday weekend in the United States.
TREND: HIGHER
CHART STRUCTURE: POOR - IMPROVING

Crude Oil Futures

Crude oil futures in the March contract settled last Friday at 54.87 a barrel while currently trading at 53.24 down about $1.50 for the trading week as I'm sitting on the sidelines looking at a possible short position as prices are right near a 4 week low. Continue reading "Weekly Futures Recap With Mike Seery" →

Best Quarter Ever For A Bank

Posted on by The INO.com Team

Hello MarketClub members everywhere. J.P. Morgan Chase & Co. (NYSE:JPM) quarterly earnings pushed well past analysts' expectations, helped by double-digit growth in deposits and record credit card sales. The company reported fourth-quarter earnings of $1.71 vs. estimates of $1.44 per share on revenue of $24.333 billion. It's stock price edged higher in intraday trading this morning, but has backed off the highs this afternoon.

"Our results this quarter were a strong end to another record year, reflecting our intense client focus and solid performance across our businesses," Dimon said in a release, citing a U.S. economy that may be building momentum.

Some in the media have dubbed it, "the best quarter ever for a bank". What do you think?

MarketClub's Mid-day Market Report

Key levels to watch the rest of the week: Continue reading "Best Quarter Ever For A Bank" →

North American Cannabis Stock Index up 208% in 2016

Posted on by The INO.com Team

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.

MJIC North American Cannabis Stock Index

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" →