May 1, 2018
Mickey observed that volatility appears to be calming down. Major US stock markets were largely flat with the DJIA up .2%. Emerging markets were down 1%. TSX up 1.6% and TSX-V -1%. Bitcoin the always volatile digital currency was up 31% for the month. Gold was down .8% and Silver was off .3% for the month. Pt down 3% and Pd was up 1.2%. Copper up 1.8%. Energy was up again this month, with WTI and Brent both up 7%. Natgas was up 4.5%. Uranium was flat. Currencies saw the Greenback up 1.9% and the Euro lost 1.2%. Rate on the 10 year T Bond spiked to 2.95%, although it had passed 3% during the month. Gold to Silver holding right around 81. The gold to platinum ratio hit an all time low at .69. Is platinum a screaming buy or will it keep sinking? Tilll next month!