Stocks in the Spotlight futures

"Stocks in the Spotlight"

- Futures -
June -- 18 -- 2021
UPDATED WEEKLY

PRECIOUS METALS

GOLD (CMX)
August 2021
($US per Troy Oz.)
Week Ending
06/18/2021

Closing price
$1,763.90
-115.60
on the week

Gold

SILVER (CMX)
July 2021
(per 100 Troy Oz.)
Week Ending
06/18/2021

Closing price
$2,585.00
-220.00
on the week

Silver futures

PLATINUM (NYM)
July 2021
($US per Troy Oz.)
Week Ending
06/18/2021

Closing price
$1035.40
-113.90
on the week

Old Yeller closed at $1,763.90 -115.60 on the week and off -142.40 for June. Silver came in off -2.20 on the week, closing at 25.85, with resistance at $20. Silver had been doing nothing more than screaming nonstop but the decent drop this past week still may have more downside. Hold off on buying the metals at least for now.

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,
off -$116.80 for February,
off -$19.20 for March,
up $53.90 for April,
up $90.86 for May.

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
06/18/2021
Closing price
1.38049

-0.03049
on the week
(0.7243) pounds for the dollar)
0.01565

The euro vs the dollar

Euro
(In US Dollars)
Week Ending
06/18/2021
Closing price
1.18641

-0.024598
on the week
(0.8429) Euro for the dollar)
0.017121

The euro vs the dollar

Japanese Yen
(In US Dollars)
Week Ending
06/18/2021
Closing price
0.00907

-0.000048
on the week
(110.2526) yen for the dollar)
0.581236

The yen vs the dollar

The dollar was higher against the currencies because of expected inflation due to increased spending, although the jury is still out as too how much of a real increase we will see. The yen is currently over resistance of .0091 leaving the next resistance at .0095 followed by .0099.

I expect the dollar to remain mixed until Biden passes his corporate tax increase and this is when things will go bad.

OIL - LIGHT CRUDE

LIGHT CRUDE (NYM)
July - 2021
($US per bbl.)
Week Ending
06/18/2021

Closing price
$71.50
0.72

Future oil prices

Friday's close (July's futures) is $71.50, up $0.72 a barrel, versus the week before at $70.78. 257 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 over the $60 level for week 10 after staying under it for 1 week after staying over it for 4 weeks after staying under it 50 weeks, over the $50 level for week 23 after staying under it for 38 weeks. There is some resistance at the $75 per barrel level and support $45. 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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