Agriculture
In the overnight electronic session, the March corn is currently trading at 549 ¾ which is 3 ¼ cents lower. Most traders believe demand on U.S. corn will improve.
Currencies
In previous global recessions, many EM economies were forced to tighten policy to keep their currencies from weakening relative to the dollar and prevent ballooning in dollar-denominated debt service. A minority of countries with large dollar-denominated debts and relatively fixed exchange rates have seen debt service costs rise by more than one percentage point of GDP. Fueled by Walmart’s e-commerce growth, advertising revenue nearly doubled last year and Walmart said Thursday that it should be a multibillion-dollar business in the near future.
Metals
Gold has just closed not only at new yearly lows, but also below the late-November lows (in terms of the closing prices, there was no breakdown in intraday terms). less Image: Bigstock Barrick Gold (GOLD – Free Report) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.31 per share. As you might already well know, just as with gold, the miners moved below the November lows in terms of both the intraday prices and daily closing prices.
Barrick Gold, which belongs to the Zacks Mining – Gold industry, posted revenues of $3.28 billion for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 1.81%. Gold and mining stocks just broke to new yearly lows – as I warned you in my previous analyses. less With the yellow metal just posting its lowest close since June and a bearish pattern forming, how vulnerable is gold to a further decline? At the moment of writing these words, gold is also trading below the April 2020 intraday high.
Even the aftermath of the 1929 top (“Winter” started then as well), gold stocks declined for about 3 months before soaring. While Barrick Gold has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock? Barrick Gold shares have lost about 4.7% since the beginning of the year versus the S&P 500’s gain of 4.7%. In the commodity world, while the shine for gold and silver is waning, the industrial metals and energy have become red-hot lately.
Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. As I wrote above, gold is currently more or less when it was trading at the April 2020 top. In this stage gold is likely to perform exceptionally well… But not right at its start. Copper has hit the peak since 2012, platinum jumped to a six-year high and tin extended a dramatic surge.
Barrick Gold, which belongs to the Zacks Mining – Gold industry, posted revenues of $3.28 billion for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 1.81%. Gold and mining stocks just broke to new yearly lows – as I warned you in my previous analyses. less With the yellow metal just posting its lowest close since June and a bearish pattern forming, how vulnerable is gold to a further decline? At the moment of writing these words, gold is also trading below the April 2020 intraday high.
Even the aftermath of the 1929 top (“Winter” started then as well), gold stocks declined for about 3 months before soaring. While Barrick Gold has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock? Barrick Gold shares have lost about 4.7% since the beginning of the year versus the S&P 500’s gain of 4.7%. In the commodity world, while the shine for gold and silver is waning, the industrial metals and energy have become red-hot lately.
Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. As I wrote above, gold is currently more or less when it was trading at the April 2020 top. In this stage gold is likely to perform exceptionally well… But not right at its start. Copper has hit the peak since 2012, platinum jumped to a six-year high and tin extended a dramatic surge.
Oil
Meanwhile, oil price jumped to a 13-month high as the cold blast raised concerns over supply disruption, shutting oil refineries and forcing restrictions from natural gas pipeline operators. U.S. natural gas production fell from roughly 92 billion cubic feet a day to around 72 billion over the last week, according to S&P Global Platts data. But analysts say the natural gas shortfall could linger for weeks as producers and pipeline operators scramble to restart operations.
In the overnight electronic session, the March natural gas is currently trading at 3.181 which is .038 lower. Attention is also being turned to this week’s unusual winter weather in Texas, which has sent oil and gas prices surging. On the Natural Gas front, the market is trying to keep up with demand and parts of the grid that id off-line. I’ve held board and executive positions in the mining, oil & gas and battery industries. In the overnight electronic session, the March crude oil is currently trading at 6158 which is 44 points lower.
As the record cold in Texas has crude down 4 million barrels a day, or 40% of crude production is now off-line. On the Crude Oil front, Brent Crude surpassed 465 a barrel shortly in London. The expectation of a speedy global economic recovery has brightened the demand outlook for all vessel categories, leading to spike in the rates. Piper Sandler analyst Brent Bracelin dubbed Twilio a “digital darling” and expressed enthusiasm over the latest numbers.
In the overnight electronic session, the March natural gas is currently trading at 3.181 which is .038 lower. Attention is also being turned to this week’s unusual winter weather in Texas, which has sent oil and gas prices surging. On the Natural Gas front, the market is trying to keep up with demand and parts of the grid that id off-line. I’ve held board and executive positions in the mining, oil & gas and battery industries. In the overnight electronic session, the March crude oil is currently trading at 6158 which is 44 points lower.
As the record cold in Texas has crude down 4 million barrels a day, or 40% of crude production is now off-line. On the Crude Oil front, Brent Crude surpassed 465 a barrel shortly in London. The expectation of a speedy global economic recovery has brightened the demand outlook for all vessel categories, leading to spike in the rates. Piper Sandler analyst Brent Bracelin dubbed Twilio a “digital darling” and expressed enthusiasm over the latest numbers.
United States
The “shadow rate” can stand in for the fed funds rate, drop below zero, and make those models functional again. Obviously, Wall Street was not impressed with the numbers as the stock is trading lower by 5.8% to $138.56 a share. 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. Photo: Kayana Szymczak for The Wall Street Journal 34, lives outside Boston and acquired big positions in GameStop stock and options.
The Census Bureau’s mid-month population estimates show substantial growth in the US population since 1959.
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. The Fed’s easing in 2009 was followed by a record of $440 billion of inflows in 2010. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. One of the best-performing stocks on the Nasdaq today is .
Unheard of in the days when all Wall Street could say was “Buy”. I’ve contributed to Seeking Alpha, The Street, NASDAQ.com, AltEnergyStocks, InvestorIntel, and Batteries International Magazine.
0 The Census Bureau’s mid-month population estimates show substantial growth in the US population since 1959.
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. The Fed’s easing in 2009 was followed by a record of $440 billion of inflows in 2010. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. One of the best-performing stocks on the Nasdaq today is .
Unheard of in the days when all Wall Street could say was “Buy”. I’ve contributed to Seeking Alpha, The Street, NASDAQ.com, AltEnergyStocks, InvestorIntel, and Batteries International Magazine.
