Daily Close | Forex, Metals, Oil, Agriculture January 07, 2021



The USDA announced 102.6 metric tons of corn sales for destinations unknown, which has traders believing that the destination is China. In the overnight electronic session, the March corn is currently trading at 494 ½, which is a ½ of a cent lower. The next estimate on corn for ethanol use will be on the USDA January 12 crop production report.


On a final note, a negative print might increase volatility on the EURUSD cross and temporarily favor safe assets, but it should not affect the long term trend. With the cyclical recovery in sight, the search for value and diversification, we remains bullish on EURUSD in the near and medium term, with a first target at 1.25. The US Dollar is on the front-foot as US yields continue to track higher, with 10-years up over 3 bps and on the day to 1.07%. The euro closed 0.23% higher on Wednesday as it pushed through 1.23 once again.


Gold and silver prices closed December on a positive note, as gold gained 6.8% and silver gained 16.6% for the month. We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Perth and soon Dubai. For all of 2020, gold gained 25.1% and silver gained 47.9%. Gold’s 2020 high was also a new all-time high, at $2,063.54 on Aug. 6. All the while, gold watches and acts as a barometer for the perceived risk in the world.
Silver’s 2020 high was $29.13 on Aug. 10. Silver’s all-time high was $48.49 on April 28, 2011.

United States

This month, as Trump supporters grew increasingly violent, the Pentagon sidelined the D.C. National Guard, leaving local police to protect the Capitol until the National Guard later arrived. With a new Washington administration as of Jan. 20, we expect to see further growth in the alternative energy space in the US, followed by increased global adoptions. 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.
Governments around the world, the US included are pumping significant monetary and fiscal stimulus into their economies. less The US Index was virtually unchanged yesterday after initially dropping to multi-year lows during the trading session. As a reminder, the US ADP showed a surprise contraction of 123 thousand, however, the data hasn’t been a reliable indicator for NFP for quite some time. This led to deadly protests and Trump supporters storming and ransacking Capitol Hill.
Around 32% of the companies come from the US, followed by China (10.07%), New Zealand (10.02%), Denmark (8.89%) and Spain (6.54%). Trump continued to refuse to accept the election results. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Talk on the street is that of a dry 2021 summer with whispers of a larger drought in the US. (NASDAQ:PLUG), (NASDAQ:ENPH), (NZ:MEL), (HK:0968), (OTC:OEZVY) are among the leading names.
GoldCore have an international media profile (CNBC, Bloomberg, CNN, BBC, FT, Wall Street Journal, Bloomberg, Dow Jones, Associated Press, Reuters etc.) Unheard of in the days when all Wall Street could say was “Buy”.


However, the EC authorized the Moderna covid vaccine for use in the EU yesterday, following a green light from the EMA. With the UK officially cutting ties with the EU, attentions now turn directly to the burden of the pandemic.