Stocks in the Spotlight futures

"Stocks in the Spotlight"

- Futures -
December -- 08 - 2023
UPDATED WEEKLY

PRECIOUS METALS

GOLD (CMX)
February 2024
($US per Troy Oz.)
Week Ending
12/08/2023

Closing price
$2,014.50
-77.20
on the week

Gold

SILVER (CMX)
March 2024
(per 100 Troy Oz.)
Week Ending
12/08/2023

Closing price
$2329.00
-261.00
on the week

Silver futures

PLATINUM (NYM)
January 2024
($US per Troy Oz.)
Week Ending
12/08/2023

Closing price
$921.70
-19.30
on the week

platinum

Old Yeller closed at $2014.50, off -$77.20 on the week, up 10.80 for December. Silver came in off -$2.61 on the week, closing at 23.29 and back under resistance at $24.00. Silver had backed off quite a bit since trading at $28 in June, but seems to be climbing quite well recently. I'm still looking for Silver to outperform the other metals.

Closing monthly gold prices.

2017

up $39.00 for January,
up $67.00 for February,
up $153.10 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.

2021

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,
off -124.50 for June,
up +35.1 for July,
up $2.60 for August,
off -68.90 for September,
up $33.30 for October,
up $8.40 for November,
up +38.20 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.

2022

off -45.60 for January,
up + 105 .70 for February,
up + 67.50 for March,
off -60.70 for April,
off -60.70 for May,
off -5.80 for June,
off -111.20 for July,
off -13.20 for August,
off -67.30 for September,
off -23.50 for October,
up $110.20 for November,
up $20.70 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.

2023

up $97.60 for January,
off -109.60 for February,
up +151.80 for March,
up +29.60 for April,
off -$53.30 for May,
off -16.70 for June,
up +29.40 for July,
off -15.50 for August,
off -78.70 for September,
up +151.70 for October
off -$12.60 for November.

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.

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%)
2021, at $1830.50, off -$21,70 (-0.01%)
2022, at $1830.10 off -$0.40 (-0.01%)

CURRENCY

British Pound
(In US Dollars)
Week Ending
12/08/2023

Closing price
1.2539

-0.01692
on the week
(0.7975) pounds for the dollar)
0.01162

The euro vs the dollar

Euro
(In US Dollars)
Week Ending
12/08/2023

Closing price
1.0760

-0.012119
on the week
(0.9294 Euro for the dollar)
0.010351

The euro vs the dollar

Japanese Yen
(In US Dollars)
Week Ending
12/08/2023

Closing price
0.0069

0.000082
on the week
(145.0435 yen for the dollar)
-1.74618

The yen vs the dollar

The dollar was mixed against the currencies because a government shutdown along with the fear of a prolonged recession and a worsening economy due to inflation, is leaving investors confused.

So far we are at 40 year highs on inflation and a new report has inflation over 5% for March. We can see from the charts above how much these indexes have fallen from their high point in 2011.

I expect the dollar to remain mixed until Biden does just a few more bad things. Joe Biden has screwed up this world so much that I've never been concerned about the future of the market as I am right now. Every day that we see a rally it makes me wonder why. A weaker dollar could mean more expensive metals, but a stronger dollar would be good for the economy.

OIL - LIGHT CRUDE

LIGHT CRUDE (NYM)
January - 2024
($US per bbl.)
Week Ending
12/08/2023

Closing price
$71.26
-3.12

on the week

Future oil prices

Friday's close (January's futures) is $71.26, off -3.12 a barrel, versus the week before at $74.38. The record "weekly" closing high is $145.08 a barrel on 7.11.08.

Oil prices broke through resistance at the $75 per barrel level with support at $60. Recent news tells us that Joe Biden wants to continue increasing the price of oil with total disregard for what it's costing Americans.

Currently due to the confusion in oil-producing countries, the weak dollar, along with Joe Biden doing everything in his power to destroy oil, plus the war in Europe 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 and continues borrowing money.

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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