"Stocks in the Spotlight"

- Futures -
January -- 10 -- 2020
UPDATED WEEKLY

PRECIOUS METALS

GOLD (CMX)
February 2020
($US per Troy Oz.)
Week Ending
1/10/2020

Closing price
$1,563.20
+8.00
on the week

Gold

SILVER (CMX)
March 2020
(per 100 Troy Oz.)
Week Ending
1/10/2020

Closing price
$1,813.00
+3.00
on the week

Silver futures

PLATINUM (NYM)
January 2020
($US per Troy Oz.)
Week Ending
1/10/2020

Closing price
$983.90
-4.60
on the week

Old Yeller closed at $1,563.20, up $8.60 on the week and up $47.60 for January. Silver came in up $0.03 on the week, closing at 18.13, 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,
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.

The metals were the mixed on the week due the new trade deal with China. We watched the metals take off over the last year with gold moving from approximately $1295 (4.05.19) to over $1515, a gain of over $220 before backing off a bit. Silver closed at 1508.00 (4.05.19), but up $319 over the same period as gold. Platinum seems to be the most volatile if you're looking for bigger moves over the short term we might want to look here. If wanting into the metals waiting for a decent 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%).

Gold closed back over the $1500 mark for week 3 after staying under it for 7 weeks after 2 weeks over it, and over the $1300 level for week 30 after staying under it for 11 weeks, and over the $1200 level for week 155 after staying under it for 1 week.

CURRENCY

British Pound
(In US Dollars)
Week Ending
1/10/2020
Closing price
1.30605

-0.00137
on the week
(0.7657) pounds for the dollar)
0.00080

The euro vs the dollar

Euro
(In US Dollars)
Week Ending
1/10/2020
Closing price
1.11215

-0.004032
on the week
(0.8992) euro for the dollar)
0.003248

The euro vs the dollar

Japanese Yen
(In US Dollars)
Week Ending
1/10/2020
Closing price
0.00913

-0.000116
on the week
(109.48) yen for the dollar)
+1.375

The yen vs the dollar

The dollar was stronger against the currencies due to escalating violence in the Middle East along with the signing of the trade deal with China. The yen is currently under resistance of .0095 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 standing pat on interest rates, with no inflation insight and no signs of a recession as far as the eye can see. A best guess is the next meeting may possibly give us another rate cut, but an increasing rate, according to the Fed, is out of the question at this time.

OIL - LIGHT CRUDE

LIGHT CRUDE (NYM)
January - 2020
($US per bbl.)
Week Ending
1/10/2020

Closing price
$59.12
-$3.92

Future oil prices

Friday's close (February's futures) is $59.12, up -$3.92 a barrel, versus the week before at $63.04. 194 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 back under the $60 level after staying over for 4 weeks after staying under 21 weeks and over the $50 level for week 49 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 staying 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!

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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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