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The Hecht Commodity Report As Of The Close of Markets- August 12, 2020

The Hecht Commodity Report As Of The Close of Markets- August 12, 2020

• Precious metals correct as gravity hits the sector- Copper and base metals were steady
• Crude oil and products drift mostly higher, natural gas and coal move to the downside, but ethanol posts a double-digit percentage gain
• Grains were steady at lower levels following the August WASDE report
• Meat prices recover- Coffee and cotton fall, but sugar moves a bit higher
• Stocks post gains as the bullish train keeps on chugging fueled by stimulus, the dollar index edges higher-Bitcoin slips

Commodities Recap For The Week Ending On August 7, 2020

Commodities Recap For The Week Ending On August 7, 2020

 Gold and silver continue to post gains
 Oil remains over the $40 per barrel level, but natural gas rebounds
 Copper declines on Friday and moves below $2.80 per pound
 Weakness in grains as the harvest approaches
 The stock market remains strong with the NASDAQ over the 11,000 level

The Hecht Commodity Report As Of The Close of Markets- August 5, 2020

The Hecht Commodity Report As Of The Close of Markets- August 5, 2020

• Gold is looking down at $2000 and silver is threatening to move to the $30 level
• Platinum is getting more attractive by the moment
• Copper and crude oil have been in a coma- The odds favor higher prices when they awaken
• Coffee and sugar prices move higher
• The dollar stalls at the recent bottom- The trend is your friend and it is lower

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