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

from Financial Survival Network

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 2.4%, Nasdaq finished at at record 10745, up 6.8%, but TSX.V took the prize up a very strong 16.3%percent t0 721. VIX at a still above average at 24.46. Dollar was down hefty 4% and Euro gained 4.8%. 10 Year yield barely inched down to record .55. Bitcoin jumped 23.8% higher during the month. Gold was way up 11.3% to 1976. Silver rose a meteoric 34% to 24.39. Even PT was up 9.6%. PD ended up 5.8% for the month. Copper rose 5.8% to 2.89. WTI up 1.4%. Brent 3.6%. Natgas rose 5.3% to 1.80 per mm. Uranium was flat at 32.95. Ratios: Au/Ag 80.9 – Pt/Au .46 – Pt/Pd .45 – BRT/WTI 1.07 WT/HH 22.4 and AU/WTI 49.

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