Mickey Fulp’s Monthly Major Market Review for August, 2020

from Kerry Lutz's Financial Survival Network

Click Here to Listen to the Audio

The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has 35 years experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, oil and gas, and water in North and South America, Europe, and Asia.

Stock markets were up again: Dow up 27.6%, S&P 500 up 7% Nasdaq finished at at record 11774, up 9.6%, but TSX.V up again 4.2%percent. VIX at a still above average at 26.40. Dollar was down another 1.3% and Euro gained 1.3%. 10 Year yield was up 30.9%. Bitcoin rose 3.5% during the month. Gold was near flat at -0.3% to 1976. Silver rose another meteoric 15.4% to 28.14. Even PT was up 3.1%. PD ended up 7.9% for the month. Copper rose 4.8% to $3.03 . WTI up 5.9%. Brent 4.4%. Natgas rose 5.3% to 1.80 per mm. Uranium was flat at 32.95. Ratios: Au/Ag 69.9 – Pt/Au .47 – Pt/Pd .43 – BRT/WTI 1.06 WT/HH 16.2 and AU/WTI 46.2.

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