Mickey Fulp’s Monthly Major Market Review for March, 2021

from Kerry Lutz's Financial Survival Network

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 over 40 years of experience as an exploration geologist and analyst. Stock markets took off again in March: Dow added 6.6% to 32982, S&P 500 up 4.3%, Nasdaq finished flat, Russell 2000 up another 1%, TSX added 3.9% TSX.V down a big 6.5%. VIX down to a calmer 18.95. Dollar was up 2.5% to 93.24 and Euro down 2.8% to. 10 Year yield skyrocketed to 1.74%. Bitcoin went parabolic again up 23.4% to a record 58804. Gold off 1.5% to 1709. Silver off 8.6% to 24.41. PT pretty much flat. PD rose 13.4% for the month to 2528. Dr. Copper down 4.2% to $4.01, breaking $4 per pound. WTI off 3.8% to 59.16. Brent off 3.9% to 63.54. Natgas off 5.8% to a still anemic 2.66. Uranium ran up impressive 11.7% to $31.13. Ratios: Au/Ag 70 – Pt/Au .69 – Pt/Pd .47 – BRT/WTI 1.07 WT/HH 22.7 and AU/WTI coming back down to earth 28.9.

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