Mickey Fulp observed that February 2018 saw volatility go from record lows to major new highs! Major US stock markets corrected bigly with the DJIA losing 4%. Emerging markets were down 3%. TSX down 3% and TSX-V 4%. Bitcoin the always volatile digital currency was down 2% for the month. Gold was down 2% and Silver was off 5% . Pt down 2% and Pd was up 1%. Copper down 2.5%. Energy also corrected, with WTI and Brent both down around 5%. Natgas skidded 14% to $2.73. Uranium declined 1%. Currencies saw the Greenback rise 1.7% and the Euro lost 1.7%. Rate on the 10 year T Bond hit 2.87%. As for ratios Gold to Silver hit 80, which usually is a buy signal for the shiny metal. Tilll next month!
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