Daily Close | Forex, Metals, Oil, Agriculture October 06, 2020



These advancements, over the current textured implants that use salt and sugar, result in less complications like tissue irritation and inflammation. While 87% of the crop is mature, compared to 78% and 62% of the corn was rated 62% good-to-excellent, up 1% from last week. In the overnight electronic session, the December corn is currently trading at 381 ¼ which is 1 ¾ of a cent higher. The next corn use for ethanol statistics will be Friday, October 9th.
Ideas are that most of the Cotton crops in the region escaped any major damage that the previous storms could have brought. There was no major Chinese demand, but China and Turkey were the best buyers of US Cotton.


The market opportunity is difficult to quantify in dollar terms and is expected to contract in the near term ahead due to a lack of new treatments. All figures are translated to US Dollars unless otherwise noted at an exchange rate of 0.72 Australian Dollars to 1.0 US Dollar. “It stems from the idea that increasing the money supply is inflationary as it decreases the value of the dollar. Second, the US dollar’s runup from its late August lows may not be finished.
Source: Bloomberg The Dollar spiked…


When gold is $100,000 or $100 million (per ounce) or whatever it reaches, then everyone is going to be talking about gold. You know gold’s becoming mainstream when, as recently reported, Costco Wholesale (in the U.K.) is now selling gold and silver bars in their stores. less It’s not too late for you to buy gold and gold stocks on the cheap. This year, EvG’s company, Matterhorn Asset Management, has seen “a major inflow, a massive inflow of big amounts of gold” being vaulted by his wealthy clients.
He is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the gold market. It’s true that, back in August, gold set a new all-time high at $2,067 on huge demand. It’s not a question of when, it’s just a question of how long will it take.” What also has to happen are dramatically higher gold and silver prices? In my view, …” “Gold should be at least $10,000 per ounce right now. As well he is publishing his bi-weekly comprehensive for his numerous international readers focusing on Gold, Silver, Mining, commodities and cryptocurrencies.
less Historically, gold tends to do well ahead of US elections and after the Chinese “Golden Week” holiday. You see, gold stocks are churning out some serious profits that are likely to just keep getting better. But if you read some of the media covering this story, you’d think gold is a dangerous investment option to be avoided at all costs. He writes a bi-weekly in-depth analysis for one of Germany´s largest gold and silver retailer the “pro aurum group”.
First, gold enjoyed a massive rally from its March lows and needs to digest those gains. Yet gold generated more than 4 times the returns of the S&P 500 over the last 20 years. But higher volumes have now returned to the market.” Regardless of whether the iron ore is coming from Brazil or Australia, the demand driver is Chinese steel production. EvG says, “Silver at $25 per ounce is incredibly cheap.
His unique has an outstanding track record and helps investors all over the world to make better decisions in the gold-market.


Yet the largest U.S. oil company, like other publicly traded oil producers, only releases backward-looking emissions totals. Still, oil prices are keeping some strength with U.S. Gulf operators shutting 29% of oil output in the region ahead of Hurricane Delta (unlikely to affect this week’s data). Even as Covid-19 has scrambled the industry, forcing Exxon to slash capital expenditures, the company has said it will continue making investments in oil and gas once demand returns.
As this industry is infamous for the dramatic swings of commodity prices, Emerson is highly sensitive to the cycles of the oil and gas industry. Most publicly traded oil giants reveal annual figures for direct emissions from company operations, known as Scope 1 and Scope 2 figures. It doesn t disclose accounting for Scope 3 emissions generated when customers burn fossil fuels, a figure that comprises approximately 80% of total greenhouse gases at large oil companies. Another key metric to judge whether an oil company can survive the energy transition is to track its investment into clean energy relative to its spending on fossil fuels.
That s the same date by which Exxon had been planning, before the pandemic, to increase oil and gas production by about 1 million barrels per day. The pandemic caused a collapse in global demand for oil products this year, which in turn caused a major downturn in the energy sector. For investors, these details are an important way to gauge if oil reserves are in danger of becoming stranded assets, an industry term for uneconomic resources.
The risk for oil companies is that powerful investors focused on climate risk will come to expect more than updates on proven reserves. Emerson generates the majority of its revenue from the oil and gas industry. The volatility in crude oil and gasoline prices has been clearly reflected in recent years in both the Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE).
Oil prices held gains (WTI above $40) despite Trump spoiling the Pelosi-bailout party. Source: Bloomberg Oil prices did drop on the ‘no stimulus’ tweet but remain higher on the day, bouncing off $40… Projects that are otherwise highly publicized by an oil company can also be shrouded in limited disclosure. Only two out of 39 oil companies that Rooze is tracking report those figures reliably: Lukoil PJSC and Valero Energy Corp. There s evidence oil majors do assess the climate consequences of their future plans.
Platts also assesses rates for Capes that use exhaust-gas scrubbers and burn 3.5% sulfur heavy fuel oil. There was general optimism on the economy as WTI oil was up 6.5% to $39.46.

United States

Not only have fiscal stimulus negotiations collapsed again, but President Trump also stated that his team will not resume coronavirus aid talks until after the election. The Biden trade (which includes green stocks, ammunition, infrastructure and Chinese listings) could also suffer this week as polls swing marginally back towards Trump. Even when Trump was admitted to the hospital due to COVID-19, the prospect of a fiscal stimulus deal kept financial markets supported.
We have been warning for weeks that no stimulus deal would happen before the election, and moments ago none other than president Trump confirmed just that.
This week the focus seems to be on the US election, Trump in hospital and a potential stimulus bill. This was the first time more than 100 stocks made new highs on the Nasdaq since September 2nd which was the Nasdaq’s peak. We won’t know if President Trump getting healthier helps him or hurts him in the polls until we get new polls in the next few days. Even if a bill is passed and even if Trump beats Biden, I don’t envisage having to change any of my stock holdings anytime soon.
Finally, as Bloomberg notes, Late Tuesday, President Trump pulled the plug on stimulus talks sending currencies and equities sharply lower. As Cleveland Fed Mester said yesterday, nothing needs to be done right now but they could lengthen the maturity of bond purchases if necessary. Declaring that it had Trump’s tax returns, the Times story blared: “Donald J. Trump paid $750 in federal income taxes the year he won the presidency. By the time the Fed finally acts to ‘tighten,’ the bubbles will likely be much bigger than they currently.
Conversely, pro Trump trades (like energy) could get a boost if investors think the probabilities are changing. At the same time, Trump critics have denounced the President while engaging in utter hysteria over the President’s release. Multiple meaningful short-term catalysts along with the listing on NASDAQ can create positive momentum for Orphazyme prior to PDUFA date March 17, 2021. 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.
By taking away this hope, Trump is giving investors a strong reason to square up ahead of the November election. Disney+ and Apple (NASDAQ:AAPL) TV+ have been available for almost a year now, and Netflix has continued to grow without any setbacks. Stocks are notching a nasty intraday reversal to the downside in response to unexpected headlines from US President Trump.
The full Trump tweetstorm: Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19.


The number of ALS patients in the USA and EU is estimated to be around 50 K patients (Projected increase in amyotrophic lateral sclerosis from 2015 to 2040).