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

from Kerry Lutz's Financial Survival Network

Mickey Fulp returns… Stock markets were mixed in June: Dow was flat at 34503, S&P 500 added 2.3%, Nasdaq was up a huge 5.5%, Russell 2000 up 1.9%, TSX added 3.3% TSX.V up 2.2%. VIX down to a stable 15.65. Dollar reversed course and was up up an impressive 2.8% to 92.35 and Euro was down 3%. 10 Year is yielding 1.45%. Bitcoin was down another 5.3%. Gold was slammed 7.29% to 1770. Silver was off 7% to 26.10. Pt down a massive 9.8%. Pd was off slightly .6% for the month to 2712. Copper corrected 8% to $4.24, after hitting a 10 year high in May. Oil was up big, WTI up 10.8% to 73.47. Brent up 7.9% to 75.13. Natgas shot up another 22.1% to 3.65. Uranium rose 3.3% to $32.33, extending the up trend. Ratios: Au:Ag normalizing at 67.8, Pt:Au .60, Pt:Pd .39 (going lower still) BRT:WTI 1.02, WTI:HH 20.1 and AU:WTI 24.1, getting back to it’s historic levels.

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