Feb 1, 2021
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.