Daily Close | Forex, Metals, Oil, Agriculture February 02, 2021



In the overnight electronic session, the March corn is currently trading at 547 ½ which is 1 ¾ of a cent lower.


No US economic reports were released but the unwinding of GME like short bets by international funds could be one of the reasons for recent dollar demand. Although the service sector is expected to slow alongside manufacturing, improvements in the employment component and ADP could sustain the dollar’s rally into NFP. The momentary dollar resilience which I called both preceding Mondays to happen, will give way to much lower values. The Chinese government wants the yuan higher and the dollar lower.US president Biden seems to want that too.
The simple fact is that at a price of $35,000, bitcoin is 35 thousand times better than the dollar! Sterling also followed euro lower with no data on the calendar.


less Bitcoin and Silver prices continue to demonstrate the ramifications of crowd psychology on financial markets as price action preserves the upward trajectory for both markets. It’s now apparent that the silver world is not ending, and that silver’s price doesn’t have to keep on climbing. Silver prices continue to slide after the precious metal saw price action push into a wall of resistance at the key psychological level of 30.00. less While gold feels solid and good news is appearing, silver and bitcoin continue to be the private money world’s brightest lights.
Don’t believe what you read: that the price of physical silver has moved much higher than the price of paper. The conspiracy mongers prey on confusion between silver Eagles and spot silver. Having been at the financial markets when the Great Recession arrived, she experienced many bull and bear markets – be it in stocks, bonds, gold and silver. They wasted a lot of time-fighting over which fiat-oriented president should be elected, rather than buying bitcoin (and silver) at the key price zones I highlighted for them.
A significant import duty cut was announced for both gold and silver in India yesterday. While silver moved close to its 2021 highs, the GDX ETF moved close to its 2021 lows – the relative underperformance of the latter is striking. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. less After GameStop (GME), silver was the next big target, but the investor frenzy seems to be showing signs of fatigue.
You turn the page, and forget what you know.” The headlines blaring about the “disconnect” between paper and physical silver have got it even worse than this. When last we wrote (on Friday), the premium to buy a March futures contract, compared to spot silver, was 10 cents. On a short-term basis, silver is showing strength – also yesterday (Feb. 1), when it . During today’s trading, silver is already down quite visibly.
This week 241,045 bpd is set to depart on 6 vessel(s): SEXTANS (9358321), ARDMORE SEALEADER (9367712), FALCON BAY (9470911), MAERSK MESSINA (9544592), BOW TRIUMPH (9669902), and SILVER GINNY (9682318). Well, was silver’s rally temporary? So the premium for minted silver products can skyrocket. Silver invalidated the breakout above the 2020 highs.


Vessel Movements US DIESEL EXPORTS: Last week saw 620,892 bpd depart, with at least 580,717 bpd headed to Latin America. US JET FUEL IMPORTS: Jet fuel imports last week reached 136,682 bpd aboard 3 vessel(s). This week will see import volumes of 164,446 bpd aboard 5 vessel(s): PROGRESS 10 (9213208), BALTIC WIND (9261401), MARLIN AMBER (9697210), MARLIN AMETRINE (9697234), and SOLAR KATHERINE (9882396). US DIESEL IMPORTS: Last week there were 214,778 bpd aboard 8 vessel(s).
On the Crude Oil front, employees of the Dakota Access Pipeline are expected to get their pink slips shortly just like the Keystone XL employees.
This week will see 22,414 bpd of imports on 1 vessel(s): ATLANTIC FALCON (9789257). US JET FUEL EXPORTS: Last week there were 152,741 bpd that departed on 4 vessel(s).

United States

Wall Street is shifting its focus to more earnings out of the closely watched tech space, with quarterly reports from Alphabet (GOOGL) and Amazon (AMZN) due after the close. Thus, we can expect Wall Street to continue focus on this important field and offer new funds. Today, Wall Street continues to use Zacks research including the Zacks Rank and Zacks Equity Research, which combines the best of quantitative and qualitative analysis. WallStreetBets has been hit by bots that question some of the members’ investing initiatives and pitch commission-free brokerage accounts, according to a Wall Street Journal analysis of the posts.
The US National Human Genome Research Institute highlights: “genomic medicine is making an impact in the fields of oncology, pharmacology, rare and undiagnosed diseases, and infectious disease.” How the US economy is faring will come into focus tomorrow with non-manufacturing ISM and ADP scheduled for release. The percentage is even lower in the US but export controls and greater supply issues mean longer-term problems for the Eurozone.
The space launch firm will is the first of its kind to join the Nasdaq, and will be listed under the ticker ASTR. I would be flabbergasted if it broke below this pattern, but if it did, it would be for the Nasdaq. Research from our team of in-house analysts has been quoted by The Wall Street Journal, Bloomberg, MarketWatch, USA Today, Kitco, Reuters, US News & World Report, CNBC, and more.
One of the best performers on the Nasdaq today is. Unheard of in the days when all Wall Street could say was “Buy”.