Cannabis Industry Bats 88% As 8 Out Of 9 States Vote Yes

Posted on by The INO.com Team

Analysis originally distributed on November 10, 2016 By: Michael Vodicka of Cannabis Stock Trades

The results are in. November 8, 2016 will go down in history as a great day for the legal cannabis industry and the world.

Nine U.S. states had medical and recreational marijuana programs on the ballot. From those nine states, eight have voted yes.

On the recreational side, four out of five states have approved new initiatives.

  • California: passed
  • Massachusetts: passed
  • Nevada: passed
  • Maine: passed
  • Arizona: failed

As you can see this list includes California, the world’s largest marijuana market.

On the medical side, all four states voted yes.

  • Florida: passed
  • Arkansas: passed
  • Nevada: passed
  • North Dakota: passed
  • Montana: passed

Florida looked like a huge baller this election cycle.

Not only did it virtually decide the presidential election as a key swing state, it also decided to throw another log on the fire and legalized medical marijuana for good measure.

These results mark a watershed moment for the legal cannabis industry. I expect these additional legalizations to serve as a huge catalyst for the industry.

On January 1, 2017, 29 states, more than half the country, will have medical and recreational programs in place.

That will create new jobs, increase tax revenue and decrease crime.

I also expect it to be a powerful catalyst for marijuana stocks. Continue reading "Cannabis Industry Bats 88% As 8 Out Of 9 States Vote Yes" →

Did This Formation Just Indicate That A Fed Rate Hike Is Ahead

Posted on by The INO.com Team

Hello MarketClub members everywhere. According to St. Louis Fed Pres. Bullard (voter) December seems to be a "reasonable time" to raise interest rates. My guess is that the Fed will do zero and hope to hold off raising interest rates until 2017. The reason I say that is that it would more than likely hurt the Christmas shopping season and that is something the Fed is loath to do.

MarketClub's Mid-day Market Report

Now let me say this, I'm not a fan of the Fed and I think they've handled things very poorly and have done nothing to spur or help the economy. I do however believe that when interest begin to move higher, it will be an incentive for people to go out and begin buying things and looking at real estate again before rates get out of their price range. In other words, I think it will have the opposite effect of not dulling the economy, but spurring the economy to greater productivity. Continue reading "Did This Formation Just Indicate That A Fed Rate Hike Is Ahead" →

U.S. Crude Oil Production Did Not Increase 170,000 B/D Last Week

Posted on by Robert Boslego

Robert Boslego - INO.com Contributor - Energies


Contrary to popular belief, although the Energy Information Administration (EIA) reported that U.S. crude inventories rose 170,000 b/d last week, that almost certainly did not happen. The EIA’s weekly production number comes from its production model, which is highly flawed. Its monthly numbers come from a survey, which is a much more reliable source of data.

Not including production data from the early 1970s, crude production in the U.S. peaked in April 2015 at 9.6 million barrels per day (mmbd). Crude production appears to have bottomed in July 2016 at 8.6 mmbd, making the peak-to-trough 900,000 b/d.

In August, the EIA reported that crude production increased by 51,000 b/d as the result of increased production in the Gulf of Mexico. But EIA’s forecast in its Short-Term Energy Outlook (STEO) published in July for August turned out to be 524,000 b/d lower than the actual monthly figure, a huge forecasting error. Continue reading "U.S. Crude Oil Production Did Not Increase 170,000 B/D Last Week" →

Gold Takes Bugs On A Roller Coaster Ride

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


What is fear? It’s our emotion about something uncertain or unknown as it is natural for human beings to avoid risks. Someone said that to stop fearing it is good to face it as quite often it is only our mental illusion and has nothing common with reality. Another wise person advised looking at a larger perspective to cut the noise of the market to keep above the vanity.

I took both pieces of advice and combined them into a single weekly chart below.

Chart 1. Gold Weekly: Roller Coaster – Let’s Face The Maximum Fear

Weekly Gold Chart
Chart courtesy of tradingview.com

On the multi-year chart above, we can clearly see that the global map of the market didn’t change for the past 3 years and we are still at the levels seen in the three previous years. Almost a year ago at the end of November 2015, gold hit a new low and set the new edge of the range with a fresh downside at $1046 and the upside at $1434 (August 2013 maximum). Right now the price is almost at the center of the range. Continue reading "Gold Takes Bugs On A Roller Coaster Ride" →

It's A New Trading Week And A New President-Elect

Posted on by The INO.com Team

Hello MarketClub members everywhere. The Chinese have a saying that goes like this; "May you live in interesting times" well these certainly are interesting times in America.

It doesn't matter if you are on the right side of the ledger or the left side of the ledger change is coming. Just like the how the markets change the political climate also changes every so often and we are in one of those times right now.

MarketClub's Mid-day Market Report

So what's ahead for President-elect Trump? Well, I think it's fair to say that most all the pundits got this one wrong and to guess what's ahead would be in my humble opinion a mistake as no one knows at this time. What we do know is what the market are telling us and that is something we should all listen to and put aside any political differences.

Technically with the Trade Triangles, I see that the gold market is in a strong downtrend, crude oil is presenting a mixed picture and the major indices also in a quandary at the moment. Continue reading "It's A New Trading Week And A New President-Elect" →