Скачать или смотреть Daily Market De-Brief – Jan 20, 2016

I’m Erick Bertsch with MiningClips.com and this is your Daily Market De-Brief for Wednesday, January 20, 2016.

It was a rocky start to the day with indices sharply down, metals up, the Canadian dollar down, and oil continuing its decline. West Texas Intermediate crude oil ended the session at $26.65/barrel, a fresh 12-year low.

Both the Dow and the S&P 500 are down 11% on the year so far. The S&P has lost $2 trillion in market value for 2016, and has now suffered its worst monthly point decline in history.

Japan is officially in a bear market following last night's 3.7% plunge. The Nikkei is now down 21.6% from its August high.

In Canada, he TSX is also in a bear market due to a 20 per cent decline from its high point, hit last year. The Loonie was also under pressure this morning after the Bank of Canada's announcement that it was leaving its key interest rate unchanged, but it ended the day on an upbeat note, closing at $0.6919 cents US.

In the US, we’re beginning to hear some speculation that the Fed's next move might be QE4.

In Metals

New York spot gold closed up $13.70 at 1101.02 and silver gained 14 cents, ending the session at $14.16 per ounce.

Copper remains under the $2 level, ending the session down three quarters of a penny, closing at $1.9812.

The markets remain uncertain for the immediate future.

For MiningClips.com, I’m Erick Bertsch.