Daily Close | Forex, Metals, Oil, Agriculture January 12, 2021



Corn highs made at around 502 and China’s Dalian corn futures are also making highs 20 11.24. It also covers the commodities market daily focusing on in-depth technical developments in GOLD, CRUDE OIL, SILVER, CORN & WHEAT. In the overnight electronic session, the March corn is currently trading at 494which is 1 ¾ of a cent higher. On the Ethanol front, Guardian Lima grinds through roughly 420 acres of corn mixed with E 15 and E 85. Guardian Plant Manager Jack Wolfcale said that a single bushel of corn can turn into 3 gallons of ethanol, 15 lbs.
Winter Wheat markets were lower on speculative selling before the USDA reports today. of corn oil he told the Lima Rotary Club.


The Fed’s Digital Dollar Policy could directly send Americans money into their banking accounts without the need to add debt to the U.S. Government balance sheet. As I also shared in that webinar last week, I’m still bearish on the US Dollar, and that’s reflected in the Q1 technical forecast for USD. If the U.S. government passes the Federal Reserve “Digital Dollar Policy” this year, we could experience serious inflation. Euro should be much weaker but it continues to be supported by virus optimism, low-interest rates, the persistent rally in stocks, and lackluster demand for US dollars.
Put another way, a volatile US dollar could affect returns in Emerging Markets (EMs). This week’s US economic reports should be firmer, keeping the possibility of a dollar recovery in play.


That’s a lot of silver demand, considering the U.S. Silver Eagle sales are only a small segment of the total global silver market. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. But, for whatever reason, Americans continue to buy a lot more Silver Eagles than Silver Maples. Gold and silver both reversed yesterday (Jan. 11), which might seem bullish at first sight, but it isn’t.
If that happens, I will urge all investors to take buy-side action with physical market gold, silver… and the miners. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. Silver Eagle premiums can run $1+ more than a Canadian Silver Maple. Because the calm will be oriented around more debt and money printing, gold should hold most of its gains. Now, according to the U.S. Mint’s most recent update, they sold almost 2 million more Silver Eagles this week to the Authorized Dealers.
Gold could decline to $1767 or even $1671. Gold is doing good work and it is doing it in a preferred (i.e.

United States

A rising line would indicate that the US is outperforming these other measures of global equities while a downward trending line indicates underperformance of SPY. All things considered, the US Treasury 10-year yield has risen to its highest level since March 19, but USD/MXN rates are still holding below their December 2020 closing highs. While emerging markets (SPEM) are right on the heels of the US with just under a 14.78% gain, developed markets (SPDW) have lagged with just a 10.56% gain.
Meanwhile, SPDW has gained less (2.7%), though, it is still outperforming the US. Still, Fed President Bostic continues to suggest that he’s in that camp in saying that prices are stronger than expected. So far in 2021, though, the rest of the world has been outperforming the US. Meanwhile, Wall Street is still hanging on to the possibility of further economic relief coming from a Democrat-controlled Congress and White House. 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.