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Monday, February 1, 2021

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

from Kerry Lutz's Financial Survival Network

Mickey Fulp is back for another monthly installment… Stock markets were mixed for the month: Dow off 2% to 29983, S&P 500 off 1.1%, Nasdaq finished up 1.4%, Russell 2000 still strong at 5%, TSX down .3% TSX.Vup another 5.4% again on cryptos and cannabis (gold stocks were down again). It was truly VIX boosted to 33.1. Dollar up .6% to 90.5 and Euro down .8% to 121. 10 Year yield rose to 1.1%. Bitcoin went parabolic yet again up 19.2% to a record 34502. Gold off 2.6% to 1848. Silver went up 2.4% to 26.98. PT up .5%. PD slammed for 7.5% for the month to 2160. Copper up again .7% to $3.54, we’ll see what’s ahead. WTI up another 7.6% to 52.20 . Brent also up 7.9% to 55.88. Natgas up slightly .8% to 2.56 per mm. Uranium still stuck went below $30 to $29.45. Ratios: Au/Ag 68.5 – Pt/Au .56 – Pt/Pd .58 – BRT/WTI 1.07 WT/HH 20.4 and AU/WTI still high at 35.4.

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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/2YABw57