GOLD
(CMX) |
|
SILVER
(CMX) Closing price |
|
PLATINUM
(NYM) |
|
Old Yeller closed at $1,470.40, up $8.90 on
the week and off -36.30 for November. Silver came in up $0.14 on the week, closing at 17.10, with resistance at $20 and support at $14. Closing monthly gold prices.
The total gain/loss for the entire year: 2011 at $1568.80,up $147.40 (10.37%), Gold closed back under the $1500 mark for week 4 after 2 weeks over it after trading under for two weeks, and over the $1300 level for week 24 after staying under it for 11 weeks, and over the $1200 level for week 149 after staying under it for 1 week. |
British
Pound -0.90996 |
|
Euro 0.000211 |
|
Japanese
Yen
-0.000078 |
|
The dollar was slightly weaker
against the currencies due to the possibility of some kind of trade with China. The yen is currently over resistance at .0090 leaving the
next support at .0090 and next resistance at.0095. It seems the dollar is mostly caught in a trading range because of the growing Pres. Trump economy. I expect the dollar to remain mixed for a bit longer but increase due to the improving economy and I would expect oil and metals to work lower. The Feds recently decided on another one quarter percentage point decrease interest rates. A best guess is the next meeting will not give us another rate cut. |
LIGHT
CRUDE (NYM) Closing
price |
|
Oil prices closed back under the $60 level for week 20 after staying over it for 1 week after staying under it for 7 weeks and over the $50 level for week 43 after staying under it for 3 weeks. There is resistance at $60 per barrel with support at $45. Recent news tells us there appears to be much oil available. I'm betting the price per barrel will have trouble getting over the $60 level. Currently
due to the confusion in
oil-producing countries it is impossible to solve the near-term
direction.
I do believe that lower
prices are on the way before too long. |
Oil prices effect the entire world because, in one way or another, we all use oil Crude Oil prices were at a low of $11.26 a barrel in February of 1999. |
I'm J.R. Budke and this is my opinion!
MEMBER LIST |
J.R. Budke has been a stock broker since 1981, an options principle since 1982 and a branch office manager since 1987. He is currently inactive as a stockbroker as of 12/31/99. J.R. has been writing the articles and opinions for the Stocks in the Spotlight, in conjunction with the editor B.G. Santos, since 1990. The stories and stocks found on this site, or any "Stocks in the spotlight" written material, are the opinions of J.R. Budke unless other wise stated and are opinions only and are not to be construed as advice. You should not purchase any stocks solely on the opinions found on the "Stocks in the Spotlight's" web site or in any of it's written material. You should also be aware that options are not for everybody and carry a high degree of risk. You should always consult with your broker or investment advisor before purchasing any stock. |
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