Wed, 2 September 2020
Stock markets were up again: Dow up 27.6%, S&P 500 up 7% Nasdaq finished at at record 11774, up 9.6%, but TSX.V up again 4.2%percent. VIX at a still above average at 26.40. Dollar was down another 1.3% and Euro gained 1.3%. 10 Year yield was up 30.9%. Bitcoin rose 3.5% during the month. Gold was near flat at -0.3% to 1976. Silver rose another meteoric 15.4% to 28.14. Even PT was up 3.1%. PD ended up 7.9% for the month. Copper rose 4.8% to $3.03 . WTI up 5.9%. Brent 4.4%. Natgas rose 5.3% to 1.80 per mm. Uranium was flat at 32.95 Ratios: Au/Ag 69.9 - Pt/Au .47 - Pt/Pd .43 - BRT/WTI 1.06 WT/HH 16.2 and AU/WTI 46.2. |
Wed, 2 September 2020
The tragic shooting of Jacob Blake in Kenosha, Wisconsin has led to several nights of looting, firebombing and violence which has now forced that city to issue a curfew. But how much of the violence and looting was triggered by legitimate anger over the shooting and how much of it is being led by outside agitators? Kenosha Sheriff David Beth said social media is attracting demonstrators -- and he believes they are rebels without a cause - calling them professional agitators who come from other places and don't care. Rusten Sheskey, a seven-year veteran of the Kenosha Police Department, has been charged with shooting Blake in the back seven times. The Department of Justice also confirms it has opened a civil rights investigation into the incident. Blake admitted to investigators he had a knife at the time. It was recovered from his vehicle but no other weapons were found. So what's the truth? |