Mickey Fulp's Monthly Major Market Review (September 2021)

Mickey Fulp's Monthly Major Market Review (September 2021)

By Kerry Lutz

For September and the quarter, markets were down across the board. Dow down 4.3% 333844 and S&P 500 off 4.8% to 4308, Nasdaq of a larger 5.9%. Russell 2000 down less 3.0% to 2204, TSX off a minor 2.5%, and TSX.V slammed for another 4.2% decline. VIX took off at 23.10. The Dollar went up another 2.0% to 94.20 and the Euro was off another 2%. 10 Year yield kept going up - 16.9% to 1.52. Bitcoin was slammed 6.6% to 43836. Gold kept losing ground off 3.3% to 1755. Silver was off another 7.5% to 22.11. Pt off 4,8% to 960. Pd crashed 23.5% for the month to 1840, under 2000. Copper lost 5.4% to $4.06. WTI rose 9.5% to 75.030. Brent up 7.7% to 78.52. Natgas had a parabolic move adding another 34% to bring it to 5.87. Uranium also went parabolic adding 22.7% to $42.50, thanks to the Sprott Uranium Trust.  Ratios:  Au:Ag rose to 79.4, Pt:Au .55, Pt:Pd .52. BRT:WTI 1.05, WTI:HH 12.8, and AU:WTI 23.4.
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