ETFS

Aurora Cannabis (ACB) could have troubled waters ahead in 2020. Once a darling to cannabis stock investors, Aurora is still the largest cannabis stock on Wall Street in terms of market cap. But the stock is hardly immune to the external pressures that have been weighing down on the cannabis sector at large. Primarily, supply
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New lows in natural gas this week The market expected a withdrawal of 92 bcf from storage Natural gas looks set to test the 2016 low   In November 2019, the price of nearby NYMEX natural gas futures rose to a high of $2.905 per MMBtu. The market ran out of buying at the start
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The middle of the winter season The futures market is oversold Sellers lurking above in natural gas It has been nothing short of a winter of discontent for the bulls in the natural gas futures market. As the withdrawal season approached in early November, the uncertainty of the average temperatures during the winter season caused
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Oil drops as the US-Iran hostilities de-escalate The Brent premium rises while the price falls A location, quality, and political risk spread Volatility in the crude oil futures arena increased significantly over the first days of 2020. The attack that killed the leader of Iran’s revolutionary guard increased the political temperature in the Middle East.
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GW Pharmaceuticals PLC (GWPH) stocks rallied this week after the company released preliminary Q4 results that exceeded forecasts. The driving force behind the GWPH’s performance came from better-than-expected sales of the company’s flagship product Epidiolex, the cannabidiol (CBD)-based drug used to treat epilepsy, Lennox-Gastaut and Dravet syndromes.  Thus far, Epidiolex is the only CBD-based pharmaceutical
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This is a big deal. After all, one of the US Federal Reserve’s two major goals is to maintain the inflation rate near 2%.  Because, you know, high inflation is bad. If the inflation rate went up to 4, 5, or 6%, suddenly a lot of people would find themselves in the poor house.  Basically inflation
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It’s been a tough week for investors in the metals market, with the prevailing sentiment flipping from excitement to check the morning prices following Middle East tensions to disgust almost overnight. While silver (SLV) prices briefly challenged stiff resistance at the $18.45/oz level during overnight trading, this move has been completely erased since, with prices
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And they sure do.  Here’s a very simple 3-month chart of SLV, the unleveraged US silver ETF that trades on US markets. (credit Fidelity.com) If we look at the relationship between the US Dollar index UUP (blue line) and SLV (the candlesticks), we can see that most of the time they trade in “good inverse relation” to each
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Yesterday Aphria (APHA) announced weaker-than-expected fiscal Q2 results that caused the stock to dip, but didn’t exactly send shockwaves across the cannabis sector. By now, many investors have become hardened to the reality that publicly-traded cannabis companies may continue to fall short of their revenue targets for the unforeseen future.    The Canadian pot company reported
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It’s been a frustrating couple of weeks for investors in the gold miners (GDX), with the index barely making any progress despite gold rocketing higher on Middle East tensions. While this significant underperformance to start 2020 has likely discouraged investors, the key is that investors don’t miss the forest for the trees. The Gold Miners
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Now that 2019 is behind us we’re beginning to see a breakout among the pack of publicly traded cannabis companies, and Hexo (HEXO) stock seems like it could go any direction. One of the main concerns some investors have is that HEXO is not as insulated from the woes of the Canadian recreational market as
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Estimize expected a 93 bcf withdrawal Natural gas continues to struggle Time is running short Energy markets were wild this week. The price of nearby NYMEX crude oil futures traded in a range from $59.15 to $65.65 per barrel since January 3. The tensions in the Middle East translated to a wide range in the
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It’s been an exciting past few days for investors in the metals complex, with both gold (GLD) and silver (SLV) soaring higher following increases tensions in the Middle East. Gold jumped more than 3% the past few days following the news, and silver jumped more than 4%. While this has been an excellent opportunity for traders to trim some
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Typically investors reduce gold holdings toward the end of the year, presumably to participate in the well-known Christmas Rally effect.  Suki Cooper discussed this in a Bloomberg interview yesterday, it’s well worth 90 seconds to watch.  2019 was no different; investors backed off on gold in December, but gold didn’t drop very much. What it did do
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A bullish end to 2019 The Middle East is supportive of prices Rig counts and inventories help the rally At the end of last week, the price of crude oil moved to a new high, and a higher level than after the drone attack on Saudi oilfields in September 2019. On January 2, a US
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Back in December, we collected some predictions for gold. Of course, such predictions are mostly smoke and mirrors, because no one can predict the future with tremendous accuracy all the time. But they are nonetheless interesting and attractive because we are humans and humans want to think they know what’s coming. We won’t name names
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The price grinds lower A sitting duck Sellers above waiting for a recovery   It is now a new year and the 2020s, which means that the holiday season is over. We are already into the heart of the winter season, which is the peak time of the year for heating demand across the United
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Both gold (GLD) and silver (SLV) had exceptional year-end runs, with both metals closing out December with 3% and 4% advances, respectively. The 3-month Treasury Bill Rate (1.55%) continues to trade well below the U.S. annual inflation rate (2.10%) supports a bullish backdrop for the metals on a big picture basis, short-term, silver is sitting
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Lower volatility in 2019 than the previous year Trade and OPEC cuts set the stage for higher prices US politics could drive the price The price of crude oil will finish 2019 a lot closer to the top than the bottom end of its trading range for the year. The crude oil market has undergone
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Ending 2019 on a sour note The spring season could be worse Politics in the US could cause volatility in the natural gas market during the second half of 2020  The United States is the Saudi Arabia of natural gas. Massive reserves of the energy commodity in the Marcellus and Utica shale regions of the
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While the S&P-500 (SPY) and the Nasdaq Composite (QQQ) have been getting all the attention this year as they march to new record highs each week, the Gold Miners Index (GDX) has outperformed them both but has received minimal attention. This is excellent news for the gold bulls, as we’ve got a hated sector that’s
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(credit Fidelity.com) In the past 3 US market trading days, GLD has run up from 139.52 to a high of 142.47, a gain of 2.11%. That doesn’t sound like a lot, but it means international gold is now well above the psychological 1500 level (in USD). And as we all know, psychological levels can be
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