Daily Close | Forex, Metals, Oil, Agriculture July 22, 2021

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Agriculture

Mexican crop conditions in central and southern areas are called good with rains, but earlier dry weather might have hurt production. USDA said that net Upland Cotton export sales were 40,000 bales this year and 251,900 bales next year. White Winter Wheat production is also being hurt as both have been impacted by drought and heat this year. World prices might have bottomed and should start to move higher, supporting Wheat futures markets in the US. Yield reports have generally been good in Winter Wheat areas but there have been mixed results reported in some Great Plains states.
less General Comments: Winter Wheat markets were higher yesterday on better demand ideas. Kazakhstan has moved to limit Wheat exports for this year.

Currencies

This fact is confirmed when the marginal revenue product of debt (MRP) falls, where MRP is the amount of GDP created by an additional dollar of debt. When it comes this time round the fall in the Dow will almost certainly be catastrophic both in gold and nominal dollar terms. In 1929-33, no such adjustment was required since the dollar was on a freely exchangeable gold standard at $20.67 to the ounce. The 1.1700 level is likely to be tested in EUR/USD but euro is the most vulnerable against sterling and the commodity currencies.

Metals

But adjusting it by the gold price today tells us that measured in sound money the Dow peaked in April 2019. Anyone seeking to survive these unfolding conditions will be well advised to put aside some sound money — physical gold and silver. His thoughts on gold are captured each week on a program called Gold Game Film in collaboration with Kitco News and TheStreet.com. For this reason, Figure 1 adjusts today’s Dow by the gold price. The obvious difference is in the money: gold-backed dollars then compared with unbacked fiat today.
He is also the co-author of The Goldwatcher: Demystifying Gold Investing.

United States

In the past, I have compared the current market situation with 1929, when the US stock market suffered a major collapse that October. Long before those mad-March days of last year, the Fed had been in crisis management mode — in fact ever since the Lehman failure. The Fed’s prestigitation has been achieved by printing money, increasing its balance sheet from $847bn the month that Lehman failed to $6,042bn today, an increase of over six times. One of the best stocks on the Nasdaq today is , last seen up 41.5% at $5.76, after the company announced the launch of a branded Amazon.com (AMZN) storefront.
Investing.com Follow During the past year, for investors in the semiconductor sector, Intel (NASDAQ:INTC) has been a dead investment. During the past year, for investors in the semiconductor sector, Intel (NASDAQ:INTC) has been a dead investment. The data since January 1999 was previously available in the St. Louis Fed’s FRED repository and is now only available for the last twelve months.
Last week, the Wall Street Journal reported that Intel is exploring a deal to buy GlobalFoundries Inc. to accelerate its plans to make more chips for other tech companies. 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. Backed by the goodwill of markets, whose participants still wish to avoid disaster as least as much as the Fed, the Fed succeeded.
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. WISA is experiencing some of the largest trading volume on Wall Street today and is now up 54% in 2021. While Wall Street has been making whoopee on the back of increased money and credit, Main Street has been suffering. In fact, it fell more than 9%, while NVIDIA (NASDAQ:NVDA)—one of its largest competitors—gained more than 80% in value.
He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post.
Unheard of in the days when all Wall Street could say was “Buy”. You will be charged $ + tax (if applicable) for The Wall Street Journal. He is a regular contributor to Forbes, Business Insider, Seeking Alpha and Wall Street Journal’s Experts Corner. Meanwhile,is at the bottom of the Nasdaq, down 57.4% at $8.88 this afternoon.

Europe

For the ECB, their first major inflation change in two decades was announced earlier this month and today, the central bank made the change in forward guidance official.

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