"Stocks in the Spotlight"

- Futures -
July -- 12 -- 2019 UPDATED WEEKLY

PRECIOUS METALS

GOLD (CMX)
August 2019
($US per Troy Oz.)
Week Ending
07/12/2019

Closing price
$1,417.80
+16.60
on the week

Gold

SILVER (CMX)
September 2019
(per 100 Troy Oz.)
Week Ending
07/12/2019

Closing price
$1,525.00
+23.00
on the week

Silver futures

PLATINUM (NYM)
October 2019
($US per Troy Oz.)
Week Ending
07/12/2019

Closing price
$833.90
+20.20
on the week

Old Yeller closed at $1,401.20, up $16.60 on the week and up $5.30 for July. Silver came in up $0.23 on the week, closing at 15.25, with resistance at $20 and support at $14.

Closing monthly gold prices.

2017

up $39.00 for January,
up $67.00 for February,
off -$10.60 for March,
up $22.10 for April,
off -$2.80 for May,
off -$33.40 for June,
up $27.60 for July,
up $27.50 for August,
off -$14.00 for September,
off -$7.90 for October,
up $12.70 for November,
up $17.80 for December.

2018

up $43.60 for January,
off -$18.20 for February,
off -$3.20 for March,
off -$3.20 for April,
off -$23.50 for May,
off -$46.40 for June,
off -32.00 for July,
off -15.30 for August,
off -10.79 for September,
up +39.20 for October,
off -$12.00 for November,
up $55.60 for December.

2019

up $38.60 for January,
up $28.20 for February,
off -$39.90 for March,
off -$19.75 for April,
up $21.40 for May,
up $102.30 for June.

The metals were higher on the week concern about the troubles with Iran, plus the trade deal with China. I do not believe there is much higher ground ahead for the Metals unless the economy were to take a turn for the worse. Silver closed over the $14 support level for 41 weeks. If wanting into the metals waiting a bit longer might be the better bet.

The total gain/loss for the entire year:

2011 at $1568.80,up $147.40 (10.37%),
2012 at $1655.90, up $89.10 (5.69%);
2013, at $1202.30, off -$453.60 (-27.30%);
2014, at $1184.10, off -$18.20 (-1.51%);
2015, at $1060.50, off -$123.60 (-9.50%) and
2016, at $1152.00, up +$91.50 (+7.94%)
2017, at $1305.10, up +$153.10 (+13.28%)
2018, at $1283.40, off -$21,70 (-0.16%).

Gold closed back over $1400 for week 4,the first time since 5/3/13, 322 weeks and over the $1300 level for week seven after staying under it for 11 weeks, and over the $1200 level for week 129 after staying under it for 1 week.

CURRENCY

British Pound
(In US Dollars)
Week Ending
07/12/2019
Closing price
1.22162

-0.01090
on the week
(0.8054) pounds for the dollar)
0.00701

The euro vs the dollar

Euro
(In US Dollars)
Week Ending
07/12/2019
Closing price
1.12168

-0.0014
on the week
(0.8915) euro for the dollar)
0.001111

The euro vs the dollar

Japanese Yen
(In US Dollars)
Week Ending
07/12/2019
Closing price
0.009239

+0.00002
on the week
(108.24) yen for the dollar)
-0.23496

The yen vs the dollar

The dollar was mixed against the currencies due to concern over trade talks with China, trouble with Iran and worry over the tariffs. The yen is currently just over resistance at .0090 leaving the next support at .0084 and next resistance here at.0095 The euro has remained over the dollar for 826 straight weeks.

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 have a major problem with the Federal Reserve just itching to increase interest rates, but recently said they may considering a decrease.

OIL - LIGHT CRUDE

LIGHT CRUDE (NYM)
August - 2019
($US per bbl.)
Week Ending
07/12/2019

Closing price
$60.39
up $2.66

Future oil prices

Friday's close (August's futures) is $60.93 up $2.66 a barrel, versus the week before at $57.73. 171 weeks ago, 1.15.16, was the first time under $30 since 10.31.03 when it closed at $29.11. The record "weekly" closing high is $145.08 a barrel on 7/11/08.

Oil prices closed over the $60 level after staying under it for 7 weeks after staying over for 8 weeks and over the $50 level for week 27 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 climbing 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 the lower prices are going to hold for awhile as the dollar remains strong and there is much oil available.

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!

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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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