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

from Kerry Lutz's Financial Survival Network

Mickey Fulp is back for another monthly installment… Stock markets ran up dramatically during the month: Dow up nearly 12%, S&P 500 up 11%, Nasdaq finished up 11%, Russell 2000 up an amazing 18%, TSX.V nearly 10% on cryptos and cannabis (gold stocks were way down). VIX calmed down to 20.57. Dollar continued its skid off 2.3% to 91.83 and Euro rose 2.6% to 120. 10 Year is yielding .85%. Bitcoin went parabolic up 45% to a record 19559. Gold put in a 5.4% loss to 1777. Silver was off 4.4% to 22.60. PT was a major winner up 14.3%. PD rose 7.9% for the month. Copperkept winning up 15% to $3.48. WTI also sailed much higher up 27% to 45.34. Brent also up 25.7%. Natgas ran out of gas falling 14% to 2.88 per mm. Uranium was stuck at $30. Ratios: Au/Ag 78.6 – Pt/Au .54 – Pt/Pd .43 – BRT/WTI 1.05 WT/HH 15.7 and AU/WTI still a hefty 39.2.

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