Close: London Session | Forex, Metals, Oil, Agriculture December 21, 2020



Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit.


But gains were capped by a stronger dollar, which rose 0.2% against a basket of viral currencies that made the bullion more expensive for investors using other currencies. For a year that had weeks of almost no deals announced, it is good to see multi-billion dollar deals being announced as the year comes to a close. At the same time, the higher dollar triggers a move lower in gold and oil as well. The flight to safety typically implies stronger safe-haven currencies, like stronger JPY and CHF, but in a real risk-off event, funds flow to the dollar.
The dollar index rose while gold prices reversed earlier gains as investors looked for safer assets. From a dollar’s perspective, this operating loss dropped to $29.5 million from $41.2 million the year prior. What to expect in a risk-off environment besides lower stocks and a higher dollar? In FX markets, the haven-associated US Dollar and Japanese Yen largely outperformed, while GBP plunged lower against its major counterparts.
Even a tacit endorsement of a weakening dollar could spur tensions with trading partners. The pound gapped lower by 0.9% and extended the drop to 1.9% against the dollar.


(Source: Premier Gold) Looking at output, Mercedes produced a total of 59,901 ounces of gold in 2019, meaning Equinox is paying just over $8,000 per ounce of production. (Source: Premier Gold) The mine produced just 12,183 ounces of gold in Q3 2020, but the all-in sustaining costs were impressive – just $827 per ounce. Premier will spin out to its shareholders shares of a new Nevada-focused gold company named i-80 Gold Corp, which will get the South-Arturo, McCoy-Cove and Getchell projects.
(Source: Premier Gold) The reserves, output, AISC, net present value and mine life position Hardrock as one of the best development-stage gold assets in Canada. (Source: Premier Gold) There aren’t many gold companies today that would embark on the development of such a large-scale project. It also owns interests in a few relatively small gold projects in the Red Lake gold camp in Canada. The Gold Analyst offers quality technical and fundamental analysis of the price of gold to help educate readers in their investment decisions.
Investors might also look at the gold market to hedge market risk as valuations are starting to look overvalued. (Source: Premier Gold) Clearly, the main reason Equinox is buying Premier Gold is Hardrock. Overall, Premier will have attributable gold reserves of 3.1 Moz after the spin-out, which means Equinox is paying around $156 per ounce of reserves.


To a “certain extent, our business depends on the level of activity in the oil and natural gas industry (US Ecology 10-K, 2020).” Unfortunately, our fears have been proved correct as palm oil prices have risen big time since announcement,” Chaturvedi said. This has allowed companies to start extracting oil and gas from less-permeable rocks such as shale, opening up vast new fields collectively called unconventional reservoirs. Boeing was off nearly 7%.—Energy companies declined in off-hours trading as oil prices fell nearly 5% on fears travel restrictions could curb demand.
He said the palm oil exporting countries seem to be free to impose export duty and levy as agreements are silent on this issue. That in turn has economic consequences.” Oil prices also retreated amid expectations that fresh restrictions on European travel and transport will pinch fuel demand heading into 2021. The high pressure of all the components causes rocks to fracture and the sand keeps those fissures open, while the chemicals help ease the oil or gas out.
Indonesia has imposed $33 as export duty plus $180 as a biodiesel levy making crude palm oil (CPO) expensive.
Oil prices tumbled on worries about a slower recovery in fuel demand. Crude futures -5.3% to $46.61/bbl.OPEC+ adopts a hands-on approach to the oil market.

United States

less On Sunday evening, lawmakers reached a deal on a near $900bn stimulus package to help sustain the US economy as the pandemic continues to ravage the country. Today!The House and Senate will vote today on a roughly $900 billion pandemic relief package, with the White House saying President Donald Trump would sign it. Source: Investor presentation The company sees its total addressable market as ~20 million women in the US should it be able to see its products come to fruition.
Following the results of another stress test, the Fed’s dividend restriction continues, capping them where they were in the second quarter and limiting them based on recent income. Recent economic data has highlighted an urgent need for stimulus, with weak retail sales figures and increasing jobless claim figures, demonstrating the fragility of the US economic recovery. Source: Nasdaq Alongside that, the company is also purchasing common shares in the market.
All three major US stock indices were in the green last week, with the Nasdaq Composite out in front with a 3.1% gain. (See original article for rationale, though I may advance the target date depending on how aggressive Otsuka is in developing sales outside of the US.) – Gordon Gekko, Wall Street (1987) The company doesn’t declare a regular quarterly dividend but has been paying special annual dividends for 13 years in a row. Tesla (NASDAQ:TSLA) shares went on a wild ride Friday as indexes and ETFs scrambled to get shares before today’s inclusion in the S&P 500.


The latest news also hammered the pound, which fell 1.7% to $1.3297, while Brexit trade talks missed another deadline amid few signs that either side is ready to compromise. The in London and Southeast England, causing Prime Minister Boris Johnson to announce new restrictions of the are – Tier 4, a new level created over the weekend. The U.K. is also now less than two weeks away from the end of the Brexit transition period, after which it won’t remain in European Union trade agreements.
With only days left until the U.K. leaves the European Union’s Single Market, talks remain deadlocked over the issue of fishing rights. Brexit talks continue this week between the UK and EU, with the deadline for the UK to exit the EU now just ten days away. France Halts U.K. Freight, Rocking Food Supply The disruption comes at a critical time amid post-Brexit trade negotiations. The company and French rival PSA gained EU antitrust approval for their $38 billion merger to create the world’s No.4 carmaker after pledging to boost Japanese rival Toyota Motor.
The temporary removal of SDLT revived the housing market in 2020 and led to higher prices across the country despite COVID-19 and a possible no-deal Brexit. The EU document dated Nov. 18 was circulated internally after the EU announced its supply deal with Pfizer and its German partner BioNTech on Nov. 11. A number of EU countries – including Germany, France and Ireland – have now halted travel with the UK, while millions of peoples’ plans for Christmas have been affected.