Month: September 2017

Dollar Drops As Irma Takes Aim At Florida

Posted on by The INO.com Team

Hello Traders everywhere. The U.S. Dollar has hit new lows as traders weigh the possible economic damage to Florida from Hurricane Irma, which is set to make landfall on Sunday. The DOW, S&P 500 and NASDAQ are all finishing the week lower after two weeks of gains.

Overnight, the most powerful earthquake in a century shook Mexico, adding to investor anxiety and causing the Mexican Stock Exchange to more than 300 points. It's certainly been a tough few weeks of natural disasters.

MarketClub's Mid-day Market Report

Our thoughts and prayers go out to everyone in the path of Irma and those still recovering from Harvey. If you'd like to make a donation to help you can reach out to the American Red Cross here.

Key levels to watch next week: Continue reading "Dollar Drops As Irma Takes Aim At Florida" →

Investing Before Or After A Natural Disaster

Posted on by Matt Thalman

Matt Thalman - INO.com Contributor - ETFs


Similar to investing in "Sin Stocks," i.e., alcohol, tobacco, casino, weapons companies, investing with the mindset of making money before or after a natural disaster, such as a hurricane like Harvey that hit Texas a few weeks ago is often a touchy subject.

But, if you are someone who is alright with investing in this 'morally gray' area, or just want to learn about how others pursue it, together we can take a look at how it is accomplished and a few things to be aware of before deploying capital.

First, while every natural disaster can be incredibly devastating, hurricanes typically seem to account for the bulk of the damage here in the US. In most cases, they are the only real disasters which you can invest around because of their predictability, which gives investors a chance to make investments both before and after the disaster occurs.

Since hurricanes occur along the coast, and more often in the gulf coast region, the one industry they seem to affect is the oil industry. This is because a significant amount of oil is drilled for in the Gulf of Mexico and because a large number of the US's oil refineries and oil shipping ports are found in this region. Continue reading "Investing Before Or After A Natural Disaster" →

Australian Cannabis Biotech Up 271%

Posted on by The INO.com Team

Analysis originally distributed on August 30, 2017 By: Michael Vodicka of Cannabis Stock Trades

Opioid abuse has quickly grown into a major global epidemic.

While opioids can be great for pain relief, the down side is that they are highly addictive. Recent data shows that opioid abuse and addiction is killing tens of thousands of people every year in just the United States.

Overdose deaths caused by prescription opioids have quadrupled since 1999. From 1999 to 2015, more than 183,000 people have died in the U.S. from overdoses related to prescription opioids.

This is an alarming trend that has both patients and health care professionals asking - are we capable of providing a better alternative?

According to a young biotech located Australia the answer is yes - and the solution comes in the form of cannabis.

If this young cannabis biotech is correct, not only will patients benefit, early shareholders will be rewarded with huge gains.

Let's take a look. Continue reading "Australian Cannabis Biotech Up 271%" →

Bitcoin Bonanza Rolls On

Posted on by Matt Thalman

Matt Thalman - INO.com Contributor - ETFs


As the Bitcoin phenomenon rolls on, we continue to see new prospectuses for possible Bitcoin funds despite the Securities Exchange Commission denying the creation of one Bitcoin Exchange Traded Fund due to the lack of market surveillance and regulation. Oddly enough, the currency was started to give its user autonomy from governments and other regulatory agencies.

So the main reason why the currency grew in popularity is the reason why investors are finding it difficult to invest in the asset. Thus far two different proposed Exchange Traded Funds have been denied in the US, but it would appear the once denied Winklevoss Bitcoin ETF might have a chance of being approved the second time around. What is interesting is that the Winklevoss Twins were not the ones who filed the petition for reconsideration of their ETF, it was the Bats exchange, which the proposed ETF would trade on if approved. Continue reading "Bitcoin Bonanza Rolls On" →

Analysis Of Hurricane Harvey Impacts On The U.S. Oil Industry

Posted on by Robert Boslego

Robert Boslego - INO.com Contributor - Energies


Information from the Gulf of Mexico is developing each day, and the extent of damage from Harvey to the energy industry’s infrastructure is still largely unknown as of September 5th. I detail below the potential impacts on supply and demand for crude and petroleum products. I have also contrasted them to supply/demand responses to Hurricane Katrina (2005) followed by Hurricane Rita.

Crude Production

The best data show that about 324,000 b/d is shut down in the Gulf of Mexico (GOM). Also, up to 300,000 b/d of inland production may be affected in Eagle Ford.

Hurricane Katrina made its landfall on August 29, 2005, in Southeast Louisiana, not Texas, as a Category 3 hurricane. It caused significant damage to oil and gas industry infrastructure. It was followed by Hurricane Rita, which made landfall on September 24th, also as a Category 3 hurricane.

The initial impact on crude production was about 1.2 million barrels per day (mmbd). GOM production at that time was about 400,000 b/d lower than the most recent estimates.

U.S. Crude Production
Continue reading "Analysis Of Hurricane Harvey Impacts On The U.S. Oil Industry" →