Daily Close | Forex, Metals, Oil, Agriculture October 28, 2020



We will get a vaccine for Covid-19 and restaurants, hotels, and casinos will open back up and customers will purchase coffee – lots of it. Lochel’s bakery in Hatboro has become an overnight Oracle of (Phila) Delphi, selling red “Trump 2020” and blue “Biden 2020” sugar cookies. Exacerbating things were an ill-timed acquisition of Boyd Coffee Company and a series of proxy fights.


Stock prices are high, investors are demanding very little added yield to take on credit risk, and a weak dollar is supporting U.S. exports. Source: ETFdb Over the last one-year trading period, the Invesco CurrencyShares Canadian Dollar Trust ETF has generated positive net flows of 21.97 million. Evidence of rising inflation should bring additional buying in the underlying value of the Canadian dollar itself. The dollar gain back some ground in the DX index, as a result of weakness in its biggest counter-component the euro.
It’s clear to see now that the U.S. dollar is on the road to demise. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. The 1913 U.S. Dollar was equivalent to 100 pennies. While the recent decline is mostly attributed to new European lockdowns, the lack of relief from Washington is also a downer for euro/dollar.
SAP is a massive billion-dollar software company with tons of insight into Fortune 500 companies.


The levels of physical gold available for demand in Hong Kong in the Comex sanctioned warehouses remains dismal with gold going out as quickly as it comes in. Throughout these thousands of years, the silver-to-gold ratio has been approximately 16:1, meaning it would take 16 ounces of silver to buy one ounce of gold. Gold and especially silver were hit fairly hard. People have discovered and adapted to gold and silver because they recognize that they are of value.
For millennia, gold and silver have been money. The silver lining is that the 5.8% dividend yield is approaching its last peak level exhibited in March, so it may gain some support from the income investor crowd. The reason behind this is that historically, gold has been a long-term asset for wealth preservation. Silver, on the other hand, could be used to conduct day-to-day transactions: groceries, clothes, and even utility bills. There was a minor option expiration for the Nov gold contracts on the Comex yesterday.
The silver lining is that Industrial Wood, Coil, and Automotive Refinish all reached an inflection point and returned to revenue expansion. However, there is always a silver lining.


Details per region below: Prices for oil and natural gas are still fragile compared to the same quarter a year ago but have rebounded sequentially, an encouraging development. We also write daily and weekly reports, covering key variables in U.S. natural gas market (supply, demand, storage, prices and more). My focus is in the financial markets, cyber-security, hacking, agriculture, natural gas, crude oil, geopolitics and alternative investments. Source: Bluegold Research estimates and calculations This week, the U.S. Energy Information Administration should report a smaller change in natural gas storage compared to the previous week.
As buoyant demand for DIY coatings more than offset the detrimental effects of the capex reduction trend in the oil & gas industry, Sherwin-Williams delivered robust quarterly results. The natural gas price was per thousand cubic feet compared with $3.11 in the year-ago quarter. Crude Value Insights offers you an investing service and community focused on oil and natural gas.
The price of hydrocarbons received by BP this quarter was and the natural gas price was .
Demand remains particularly depressed in oil and gas, which is the segment’s largest single-end market. Total average daily consumption of natural gas (in the contiguous United States) should be somewhere between 82 bcf/d and 85 bcf/d. However, natural gas price (December contract) is up some $0.60 cents y-o-y, so the bulls should be careful. Then, the company plans to add significant solar and natural gas capacity. A return to profit this quarter as oil prices recovered from the onslaught of the preceding quarter.
The company is confident that the recovery in oil prices starting after April will continue despite a worrying virus pandemic. However, BP is still projecting a recovery in oil demand that springing a few months ago. Looking at free cash flow, BP’s dividend seems more secure now, assuming oil prices above $40 per barrel. The outlook for refining margins is still dull and concerning due to a demand for jet fuel and gasoline weakening. BP had total revenues of for the quarter (oil revenues are .
However, it will depend on the oil prices as we advance. Refining gasoline and jet fuel margins have slumped again, while inventory levels have built up to a record level.

United States

The shift in data shows that while Wall Street’s top brass may still understand the value of Republican leadership, bank employees themselves may overwhelmingly favor progressives. The US long-term care market was worth $443.2 billion in 2019 and is expected to grow at a CAGR of 6.8% annually for the next 5 years. It can even take interest rates negative (a move that Fed officials have so far rejected). Using my conservative estimate of $6.51 EPS (instead of Wall Street’s rather aggressive consensus estimates of $9-12/EPS) would put the stock at 17.2x earnings today.
Are to conclude then that what the Fed did for the past 11 years was not giving the economy what it needs? The company’s total addressable market is large as there are 6,900 Hospitals and 23,000 Care homes in the US. “I do think that Trump supporters are more competitive,” said Dan Rutledge, standing in line outside of the bakery in the spitting rain on Sunday. less is ice-cold today — as are most of the stocks on Wall Street — sparking accelerated put activity in the chip stock’s options pits.
From a big-picture standpoint, the backstop for the decline is clearly the Fed and the next round of economic stimulus. With the Fed having lowered rates to zero, financing for both house builders and buyers has become cheaper. The US economy had about 6 million firms in 2017 (the most recent data). President Trump’s rallies in PA this week have notably blown out attendance at events held by his rival, former VP Joe Biden.
Enthusiasm from Trump voters has drawn people from as far away as West Virginia to buy the red cookies, the bakery owner said.
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. 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. Share Photo: Nasdaq Inc. By Telis Demos Close Oct. 28, 2020 2:38 pm ET Insurance technology companies aim to give you a discount on policy rates.
He’s right: yet one wonders why it took the Fed 11 years to realize it. We will give the podium again to Dudley and the conclusion to his August 2019 op-ed: I understand and support Fed officials’ desire to remain apolitical. The whole neighborhood, they said, seemed to be going for President Trump. Biden’s campaign has been the beneficiary of $3 million from commercial banks, compared to the $1.4 million Trump has raised.


In the DOJ press conference FBI Director Christopher Wray called it “outrageous” that Beijing would think it can get away with conducting illegal operations on US soil. Considering the FBI Director singled out Xi in particular, this will surely be met with a fierce reaction out of Beijing.


Merkel’s decision to reinstate lockdowns sparked the worst day for DAX since March…