Stocks in the Spotlight futures

"Stocks in the Spotlight"

- Futures -
February -- 19 -- 2020
UPDATED WEEKLY

PRECIOUS METALS

GOLD (CMX)
April 2021
($US per Troy Oz.)
Week Ending
02/19/2021

Closing price
$1,783.10
-41.70
on the week

Gold

SILVER (CMX)
March 2021
(per 100 Troy Oz.)
Week Ending
02/19/2021

Closing price
$2,737.00
-8.00
on the week

Silver futures

PLATINUM (NYM)
April 2021
($US per Troy Oz.)
Week Ending
02/19/2021

Closing price
$1282.20
+17.70
on the week

Old Yeller closed at $1,783.10 off -$41.70 on the week and off -$25.00 for February. Silver came in off -$0.08 on the week, closing at 27.37, with resistance at $20. Silver had been doing nothing more than screaming nonstop but the question is still how much more room there might be at the top?

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,
up $6.00 for July,
up $110.70 for August,
off -$26.20 for September,
up $3.70 for October,
off -36.30 for November,
up $45.20 for December.

2020

up $72.90 for January,
off -$1.02 for February,
off -$86.20 for March.
up $63.90 for April,
off -$14.10 for May,
up $55.70 for June,
up $209.20 for July,
off -$9.10 for August,
off -$83.90 for September.
off -$15.40 for October,
off -$106.30 for November,
up $53.10 for December.
off -$39.60 for January.

The metals were mostly weaker on the week due threats of a higher interest rates from the Biden presidency, but if the dollar increases and interest rates stay down we could see the metals back off. If wanting into the metals waiting for a larger pullback might still 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%)
2019, at $1555.20, up +$232.20 (+14.09%)
2020, at $1895.10, up +$138.78 (+.7.32%).

CURRENCY

British Pound
(In US Dollars)
Week Ending
02/19/2021
Closing price
1.40085

0.01568
on the week
(0.7138) pounds for the dollar)
-0.00808

The euro vs the dollar

Euro
(In US Dollars)
Week Ending
02/19/2021
Closing price
1.21168

-0.000396
on the week
(0.8253) Euro for the dollar)
0.000269

The euro vs the dollar

Japanese Yen
(In US Dollars)
Week Ending
02/9/2021
Closing price
0.00947

-0.000059
on the week
(105.5852) yen for the dollar)
0.6502

The yen vs the dollar

The dollar was mixed against the currencies due to strong economic news and markets near the high. The yen is currently pressing resistance of .0095 leaving the next support at .0095 and next resistance at.0099.

I expect the dollar to remain mixed until we learn more about the virus but increase once that situation is solved as we return to the improving economy and I would expect oil and metals to work lower. Keep in mind all of the things can change drastically under a Biden administration and the best guess is they will change to the worse.

OIL - LIGHT CRUDE

LIGHT CRUDE (NYM)
April - 2021
($US per bbl.)
Week Ending
02/9/2021

Closing price
$59.04
-0.69

Future oil prices

Friday's close (April's futures) is $59.04, -0.69 a barrel, versus the week before at $59.73. 240 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. The last time under $19 a barrel 01/18/02 when it closed at $18.66.

Oil prices closed back under the $60 level for week 50 after staying over for 4 weeks, over the $50 level for week 6 after staying under it for 38 weeks. There is some resistance or support at the $45 per barrel level. Recent news tells us there appears to be much oil available. Depending on Pres. Biden doing stupid things we could have higher-priced oil for a long time.

Currently due to the confusion in oil-producing countries, the weak dollar, along with Joe Biden doing everything in his power to destroy oil, the differences between Russia and Saudi Arabia, and how long the virus will last and how bad it will get makes it impossible to solve the near-term direction. I do believe that higher prices could be with us for a while, as Biden slaughters oil.

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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