Kerry Lutz's--Financial Survival Network

Stock markets again ran up dramatically during the month: Dow up nearly 3.3% to record 30606, S&P 500 up 3.7%, Nasdaq finished up 5.6%, Russell 2000 up strong at 8.5%, TSX lagged up 1.4% TSX.V nearly 16.7% again on cryptos and cannabis (gold stocks were way down). It was truly a day tripper's market. VIX calmed to 22.75. Dollar continued its skid off 2.1% to 89.92 and Euro rose 2.2% to 122. 10 Year yield rose to ..94%. Bitcoin went parabolic yet again up 48% to a record 28947. Gold put in a 6.8% gain to 1898. Silver piped up 16.6% to 26.36. PT was again a major winner up 10.5%. PD rose 3.8% for the month to 2336. Copper is still winning up 1.1% to $3.52, with more gains almost certainly ahead. WTI also sailed much higher up 7% to 48.52. Brent also up 8.8% to 51.80. Natgas ran out of gas falling another 12% to 2.63 per mm. Uranium still stuck at or near $30. 

Ratios: Au/Ag 72 - Pt/Au .56 - Pt/Pd .45 - BRT/WTI 1.07 WT/HH 19.1 and AU/WTI still a hefty 39.1.

I recently spent 7 days in the hospital, fighting the effects of Covid-19 and Pneumonia. It was touch and go for a couple of days. I was loaded up with antibiotics, steroids, donor plasma, blood thinners and everything else you could imagine. And yet, I pulled through. I believe the reason for my survival is that there's so much more I have to do in life. While the experience was by no means pleasant, it was very instructive and I learned a lot. I wouldn't have done anything differently, other than to have gone to the hospital a week earlier. I made the decision early on to live a normal life or as normal as possible. I have no regrets on that score. My colleague Bill Powers and I have a great conversation about living your best life in the age of Covid. It's up to all of us to find our best angels and proceed accordingly. The only advice I can offer is that if you any symptom whatsoever, get treated. Assume you have the coronavirus and get off to the doctor or hospital and get it treated. You'll likely avoid much of the pain and suffering that I encountered and that's a good thing. Special thanks to Bill Powers and the folks over at Mining Stock Education.

David Morgan appeared for FSN while I continue to recuperate from Covid-19. David is doing his usual outstanding analysis of gold and silver prices. According to David gold is now in a cup and handle pattern, the most powerful formation we can observe. David thinks we are in a 2-3 year move. We’ll be breaking 2000 gold and once that happens, we’re looking at the final leg of this massive movement. 

David talks silver and the picture is very encouraging. Platinum, Palladium getting ready for the next Platinum move. The market is telling us that it could be time to get out of Palladium and into Platinum. 

Silver isn’t quite in a cup, but it won’t be long. Keep a close eye on the silver chart. We’ve seen a flat 5 year silver chart. The last year saw a move to $30 and a consolidation. We’re pushing towards the $27 level. Volume is the key. If you don’t know the volume, you don’t know anything. 

Just go over to The Morgan Report for more info. 

Thanks for all your kindnesses while I’ve been dealing with my illness. We’ll be picking up again and soon we’ll be better than ever. Thanks David for standing in for me. 

The results of this week's U.S. senate runoff and contested presidential election will affect where the markets go in 2021 says pro trader Nick Santiago of InTheMoneyStocks.com.  Nicks shares the best trades he plans to profit from this year.   He also shares insights on where USD and oil might head depending on the political composition of the federal government.  Nick also discusses the bitcoin trade, 2021 inflation expectations how he has profited from shorting markets.  Have a listen and learn from a veteran trader with over 30 years experience!

ohn Rubino returns to the show to discuss where the markets are headed in 2021. Is this year for the devastating market crash many have been anticipating?  Is the downfall of the U.S. dollar upon us? What might be some of the best trades in 2021? If the current economic system collapses will verifiable stock and asset ownership translate into the new financial system?  Where are the precious metals headed and why right now might be the most important time to own them? John addresses these questions and more…so tune in!