Close: London Session | Forex, Metals, Oil, Agriculture July 24, 2020



The opportunities for Value Investors are many while the risk for the current crop of Momentum Investor favored COVID-19 issues is high in my experience. Its puny “reserves” could probably fit on a sturdy coffee table! Bombay Sugar Merchants Association’s spot rates were (₹/Quintal): S-grade ₹3,322-3,382 (₹3,322-3,382) and M-grade ₹3,400-3,602 (₹3,410-3,622). Retail trading boom has E*Trade (NASDAQ:ETFC) in high cotton. Full order below: Sugar prices at Vashi drop by ₹10-20 for M-grade and remained unchanged for S-grade on Friday on decrease demand and higher selling for bold quality.


The Japanese yen rose against the dollar and spot gold rose due to their safe-haven appeal. Malaysia said the investment bank has agreed to a $3.9 billion settlement with the government over the multi-billion dollar 1MDB scandal. The company reported a net loss of $1.31 per share, equal to $54 million in dollar terms, although adjusted losses were a bit smaller at $0.32 per share. The Japanese yen rose against the U.S. dollar and spot gold rose due to their safe-haven appeal. Gold’s getting support from low or negative real rates, a weaker dollar and expectations of rising inflation amid massive liquidity injections from central banks. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the reserves. One last important point for investors to consider is that the Stoxx Europe 600 could provide effective diversification against the US dollar.


On Thursday, Gold climbed another $25/oz, but both Silver and the gold stocks made a higher high before closing lower. … And if we’re on a gold standard, and gold is money, then the government needs real money. The world’s most dominant gold spot market is the London Bullion Market, where mostly “loco London” gold is traded. Your gold asset has significantly outperformed bullion and other gold ETFs due to the widening of the premium to NAV. Source: Bloomberg The all-time record high price for spot gold, according to Bloomberg data, is … On Wednesday, the silver stocks underperformed a huge move higher in Silver. However, with gold now reaching $1,900 an ounce, we see another surge in Gold Eagle buying. On that day the price of gold futures in New York started drifting higher than the price for spot gold in London.


The bottom line is that on oil price longer term with a price target of +$60 a barrel to be reached in the years 2021-2022. Now, thanks to ERESU, Mr. Pegula is armed with $300 million in leverageable capital and a mandate to acquire a North American oil & gas business. Crude Value Insights offers you an investing service and community focused on oil and natural gas. With ERESU, Mr. Pegula’s plan is to build an energy business at a time when the value of E&P companies and oil and gas properties has plummeted. From the oil bulls prospective, there’s a lot of permanent damage to these heavy oil plays and a big rebound is unlikely even if prices rise significantly. My focus is in the financial markets, cyber-security, hacking, agriculture, natural gas, crude oil, geopolitics and alternative investments. Investors should use any pullback in oil to add positions in our favorite oil stocks (IMO) and (OTCPK:SPGYF).

United States

Together with a resurgence of new COVID-19 cases across much of the nation, the LEI suggests that the US economy will remain in recession territory in the near term.” Expectations were very high for Snap – most of Wall Street had expected the company to continue riding the coronavirus high for multiple quarters. One possibility, albeit a highly controversial one, is to lower the Fed’s target rate into negative territory. Stocks fell sharply in the US on Thursday, as surging Covid-19 case numbers began to make their mark on the nation’s economic recovery. News > World > Americas > US politics Close Former Trump national security adviser Michael Flynn has been battling a prosecution for lying to the FBI since 2017. Investment analyst working within one of the Big 4 Wall Street banks covering a wide range of stocks from consumer and retail to healthcare sectors. In the US, and perhaps more broadly, it appears that it is often thought in terms of one policy for one purpose.


The tit-for-tat consulate closures were yet another twist in deteriorating relations between Washington and Beijing, perhaps the gravest one yet. Beijing’s move will have a bigger impact than shutting the consulate in Wuhan, though less than closing missions in Hong Kong or Shanghai. Nor will Beijing permit a sale that looks like defeat. Beijing commands more warships than the U.S. Navy and holds a trillion dollars in U.S. debt.


The TEG recognizes it as an issue, says Nathan Fabian, a member of the EU panel, and notes that a future group will likely address the language.) Convincing an investor to match the $9 bln J Sainsbury offered in 2018 looks fanciful given weak growth, Brexit risks, and the legacy of the pandemic. Back in February, Washington state lawmakers also repealed a key tax break for Boeing (NYSE:BA) to head off a parallel action by the EU at the WTO. The COVID-19 crisis was the fatal blow: the ECB and the BOE required to this year, while an set a brutal downturn for the energy sector. Breztri Aerosphere, which is a three-drug inhaler, is already approved in Japan and China for patients with COPD and is under regulatory review in the European Union, AstraZeneca said. It should be recalled that earlier EU leaders agreed on a stimulus package for the recovery of the region’s economy. The Dow and S&P continued their upward climb on Tuesday after investors learned that the European Union codified a historical $860 billion coronavirus rescue fund.