High on the Hog

This week, we look back at past stock ideas from my November blog on what was a hated, unpopular and out of favour sector, uranium.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index, which started the week by dipping down close to its 20-day moving average before bouncing back, actually slid 2 points to 1188.75.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index continued to climb, closing at a record high of 1191.04 for a gain of nearly 12 points or 1%. What's more, the Index, which is now up a formidable 10% since mid-November, also reached an all-time intraday high of 1194.71.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our year end update, the Index had dipped slightly after bumping up against resistance at 1171. However, that weakness was short-lived, for the Index buoyed above its 20-day moving average (1163) on January 2nd, the first trading day of the year. The following session, the Index powerfully bounded up and through its upper Bollinger band, stretching as high as 1184. By the end of last week, the Index had notched a new 2017 intraday high at 1190.47 before finally closing at 1179.27 for a gain of 1.4% or 16 points.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last update on Dec 18th, the Index had pulled back sharply to test its support at 1148.57 following its breakout that had reached an intraday high of 1182.57. Since then, the Index climbed quietly higher before closing the year at 1163.07. The Index was a top performer in 2016, returning 19.88% over the last year, including 6.59% over the last 3 months.

One of my favourite metals this year has been copper. In large part, investors should embrace the base metal due to the election of Donald Trump. The US president-elect himself promised to implement a huge infrastructure spending program across the country to fortify America's "roads, bridges, airports, transit systems and ports."

Of course, we also have seen other base metals, like nickel and zinc soar, long before the US election took place. And with other natural resources like oil also on similar upward trajectories, I believe we are seeing clear signs of inflation, one that will lead investors into a powerful commodities rally.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the overbought Index quickly rocketed to a new all-time intraday high of 1182.57 before pulling back 24 points or 2% to close at 1148.57.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index began bulling its way into its challenging 1150 resistance area, before finally bursting through this wall with tremendous muscle and force. The Index closed the week with an impressive 2.5% gain and notched a brand new all-time closing high at 1172.71.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index, which had surged back to 1132 capitulated to 1120.73 and then made an electric rise that crushed 1140 resistance and tagged 1150.38 for a brand new 2016 intraday high. The Index closed Friday at 1144.64, up 12 points for a 1% gain.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index put pedal to the metal as it continued a tremendous comeback from 4-month lows. It added nearly 21 points or 1.9% to close the week at 1132.54. The Index has now risen a Phoenix-like 4.9% from its lows of 1079.36 on Nov 14th and in fact swung so high it came within 8.2 points of its year high of 1147.38 previously hit in September.