Close: London Session | Forex, Metals, Oil, Agriculture December 16, 2020



Mish on Coffee and Sugar Exchange less BRICS (Brasilia, Russia, India, China, and South Africa) was organized in 2006 by four economies from the top 10.


Below is a comparison of the Gold/Silver ratio and the US dollar: Since March, the US Dollar index and the Gold/Silver ratio has been forming similar patterns. US dollar (US Dollar Index) price action also confirms that a big silver rally is on the way. This move tries to prevent future dollar financing problems, giving flexibility to deal with any type of dollar shortage. FOREX: Strong euro zone survey figures and hopes of progress on Brexit negotiations pushed the euro above $1.22 versus the U.S. dollar for the first time since April 2018.
This could be a catalyst for a massive silver rally over the coming weeks and months, especially since the US Dollar is likely to remain under severe pressure. Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action. Gold rose for the second day, for the first time in over a week, in what appears to be a recalibration, a negative correlation with the weakening dollar.
Remember the dollar is down, 97% since 1971, (in real terms or gold), and down 85% since 2000. Increased appetite for riskier assets weakened the dollar, whereas gold gained. Increased appetite for riskier assets weakened the U.S. dollar, whereas gold gained.


Just keep the big picture in mind: Hubert is an independent gold and silver analyst who specializes in fractal analysis and the fundamentals of gold and silver . … more Hubert is an independent gold and silver analyst who specializes in fractal analysis and the fundamentals of gold and silver . In 2002 when gold was $300 per ounce, MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system.
With all of this in mind, I simply don’t understand wanting to own gold, and I don’t think you should waste your time (and money) on owning gold either. I see gold as continuing to underperform stocks over the long term because that’s what gold does; it’s just a fact. The GoldSwitzerland Division was created to facilitate the buying and storage of physical gold and silver for private investors, companies, trusts and pension funds. Precious metal investors often look at silver condescendingly as gold’s poor cousin.
In global markets, gold prices were muted today as a rally in global equity markets took some shine off the yellow metal. Gold is extending yesterday’s strong gains and the next target is last week’s high near $1875.Recovery hopes lift crude prices. He writes a bi-weekly in-depth analysis for one of Germany´s largest gold and silver retailer the “pro aurum group”.


According to OPEC’s latest monthly oil market report, global crude oil demand for 2020 is expected to decline by 9.77 million barrels per day. Moving forward in 2021, things changed for the oil market, and the prospects for higher oil prices look even constructive. The book was launched in 2013, and is intended to be a single point reference guide of oil and gas industry for young oil and gas professionals. less Oil prices (OIL) have edged past $45, thanks to the optimism revolving around the upcoming COVID-19 vaccines.
Part of the reason oil held its rally is that Asian oil demand is surging, and supplies are tightening. Although this optimism is good for crude oil prices, I firmly believe that prices will be driven by supply- demand fundamentals in the longer run. By the way, Oil Search, despite its ASX listing, produces oil & gas only in Papua New Guinea (for now). Even for 2021, OPEC has reduced its oil demand growth by 0.35 million barrels per day, mainly due to uncertainty related to the impact of COVID-19.
Photo by Charlie Hang on Unsplash Instead of correcting last week’s crude increase as many expected, the API instead reported that the oil supply rose by 1.973 million barrels.
One should remember the impact energy prices have on monetary policy worldwide, as lower oil prices weigh on inflation.

United States

Based on this forward metric, Nasdaq is paying a 19.5 times forward sales multiple, with revenue growth over the past three years having averaged around 30%. The fund is managed by Manulife Investment and focuses squarely on the corporate debt space with two thirds in the US market and one third outside of the US. U.S REITs are far more expensive than their international peers and are subject to negative economic factors such as declining rent growth and potentially rising interest rates.
Last quarter, Apple’s (NASDAQ:AAPL) iPhone sales missed estimates due to the pandemic-related iPhone 12 delay, but things are looking much different this time around. BEFORE THE BELL Wall Street futures rose ahead of the Federal Reserve policy decision, as investors awaited further fiscal support for the U.S. economy. The recent research conducted by the financial institution revealed that Wall Street’s interest in digital assets is growing, pushing the pioneer digital coin price to an all-time high.
If we actually look at the multiple, valuations look relatively reasonable as Nasdaq essentially trades around 21 times realistic earnings seen at the moment. Unlike the European Central Bank (ECB), the Fed has shown very little interest in negative interest rates. The Fed’s promise to backstop corporate debt is causing similar dislocations in the corporate bond market. There’s clear speculation and I think that is inflationary pressure in the stock marketThe Fed has essentially pledged to do “whatever it takes” to help the economy.


Rainbow Digital Commercial operates its businesses in many locations in China, including Guangdong, Fujian, Jiangxi, Beijing, and Chengdu.


The recent rises imply that a breakup of talks would trigger a collapse in the pound, but how would it respond to a Brexit deal announcement? Unfortunately, that leaves Europe’s subscale banks struggling for profits among a patchwork of national and EU rules while competing with larger U.S. rivals. The pound retraced to its intraday low amid Brexit deal uncertainty. A British official later responded by saying that both sides are still “” echoing Prime Minister Boris Johnson’s words on Sunday when agreeing to extend talks.
Importantly, an over 14% exposure to the British equities makes EFA’s price performance dependent on the gyrations of the pound sterling, and, hence, on the outcomes of Brexit. Nevertheless, the silence from the negotiators and especially the usually pessimistic Chief EU Negotiator Michel Barnier, speaks loud. News broke that Britain and the EU are close to a deal when EURGBP reached 1.3380. But the plan stops far short of creating an EU-wide bad bank, as some had hoped.
Yet it is probably Johnson who has allowed for a breakthrough – by (LFP) and accepting some form of alignment mechanism to EU rules. Meanwhile, Brexit news continues to grab headlines.