Gold Silver Reports (GSR) – Stocks faltered and bonds rose on Wednesday as US President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the US dollar headed for its sixth straight day of losses. Investors had a lot to digest with the conviction of Trump’s former campaign chairman on eight counts of financial wrongdoing and a guilty plea by his former personal lawyer in separate cases.
Commodity Markets
Threat of Contagion in Emerging Markets Deepens Commodity Risk – Gold Silver Reports
Gold Silver Reports (GSR) — When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The lira plunged to a record low against the dollar this month, taking local stocks and bonds with it. Commodity markets have failed to react, with even gold unmoved by the chaos. Traders are focused more on Iranian sanctions, South American mine strikes and drought damage to crops, all of which point to higher, not lower, raw-material prices.
Crude Oil Price Forecast January 15, 2018
Gold Silver Reports – Crude Oil Price Forecast Report January 15, 2018 – Crude Oil markets were very volatile during the session on Friday, as we continue to see a lot of noise when it comes to not only the commodity markets, but the US dollar which has a bit of a double whammy effect.