Mickey Fulp's Monthly Major Market Review (July 2020)
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.