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Should The Liquor Industry Be Worried About Legal Cannabis?

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By: Luke Jacobi

Marijuana legalization may already be putting pressure on alcohol companies.

The maker of Jack Daniels, Brown-Forman (NYSE: BF-A) (NYSE:BF-B), released its annual report on Thursday, which included a laundry list of risks -- among them, recreational marijuana.

"Consumer preferences and purchases may shift due to a host of factors, many of which are difficult to predict," it noted, "including… the potential legalization of marijuana use on a more widespread basis within the United States."

Recreational marijuana use is currently permitted in Colorado and Washington, while at least 22 states have legalized cannabis for medical use.

Related: Cannabis Investors Preparing For Industry Data From WeedStock

Cannabis stock specialist Alan Brochstein believes alcohol firms have reason to worry.

"Big Alcohol is watching marijuana legalization closely," he told Benzinga, "and its very likely that these companies are highly concerned. Cannabis legalization is likely to lead to a substitution effect." Continue reading "Should The Liquor Industry Be Worried About Legal Cannabis?" →

The Real Price of Gold

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The real price of gold, as adjusted by commodities is making some nice baby steps toward rebounding.  Here is a picture of the gold ETF vs. certain key commodity ETF’s and markets, that show the progress of what would be the most desirable condition (a rising real price) for a healthy gold bull.

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And then of course there are other notable measures like Gold vs. Stock Markets.  Here is the progress vs. SPY and EZU… Continue reading "The Real Price of Gold" →

Beards Battling Cancer - INO Cares

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One person in the United States is diagnosed with a blood cancer approximately every four minutes. It is estimated that 149,990 people will be diagnosed with Leukemia, Lymphoma or Myeloma in 2014. These LLSwill account for 9% of the total new cancer cases in the United States this year.

The Leukemia & Lymphoma Society (LLS) is world’s largest voluntary health agency that is dedicated to searching for a cure for blood cancer. LLS raises money not only to fund innovative research, but also provides blood cancer patients and their families with education and support, financial assistance and connections to clinical trials and support networks.

To date LLS has contributed more than $1,000,000,000 towards blood cancer research and patient support!

A few men from our area are coupling their love of golf with their passion to help by putting on the first annual, “Beards Battling Cancer Golf Tournament.” They encouraged participates to grow a little facial hair, show their support and get out on the green!

The tournament took place on June 9th, 2014 at Renditions Golf Course in beautiful Davidsonville, Maryland. We were happy to sponsor a tee-box and provide a cash donation to this worthy cause with all of the proceeds going to The Leukemia & Lymphoma Society.

We hope to get some INO.com employees out on the links next year!

Best,
The INO.com Team

Van Eck Fund Manager Joe Foster Is Building for the Upswing

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The Gold Report: Gold has been hovering between $1,250 and $1,300/ounce ($1,300/oz). How have supply-and-demand factors shifted since earlier in the year, when things seemed more bullish?

Joe Foster: At the beginning of the year, gold was being driven by risk concerns. Investors started worrying about risk when we saw problems in emerging markets like Thailand, Turkey and, eventually, Ukraine. The Chinese economy seemed to be slowing down.

It was less of a supply-demand story and more one of people looking at gold as a safe haven and a hedge against some of the risks in the world.

TGR: Is the world less risky now than it was three months ago? Continue reading "Van Eck Fund Manager Joe Foster Is Building for the Upswing" →

ZIRP Gains More Attention

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We have been talking about how there had been no bubble in US stocks and how the economy is doing just fine.  We have also been talking about how the bubble is in policy and that the economy and stock bull market have been created – yes, like Frankenstein’s monster once again – out of this policy bubble.

Enter economist Joseph LaVorgna of Deutche Bank…  Fed needs to start raising rates, top forecaster says.

Will wonders never cease?  As you may know, I read the financial MSM to get a feel for what the casual market participant is reading, what the majority is being told is the truth.  Usually it is some combo of self-promoters and agenda (sometimes political) driven bulls and bears.

“The economy is improving much faster than the Fed is willing to acknowledge, LaVorgna said in an interview. At the current rate of hiring, more jobs will be created this year than in any year since 1999.”

Exactly, and still they inflate.  He correctly puts the focus on the financial (and national) disgrace called ZIRP as opposed to the theater surrounding QE’s long term bond purchases.

“In six months, the unemployment rate will be below 6% and the core inflation rate will be at 2%,” he said. “We are way ahead of schedule. We’re going to get to 5.2% or 5.4% a year ahead of schedule.”

“The Fed is behind the proverbial curve,” he said. “The Fed should be raising rates.”

It’s all that this corner of the interwebs has been hammering on for over a year now.  If the economy is at all real, get rid of QE and end ZIRP. Continue reading "ZIRP Gains More Attention" →