To a casual observer, the economic news is mixed. Depending on the story one is reading, you would conclude that we are in a severe recession, even a depression or, on the other hand, we are seeing a quick recovery from the economic fallout from the lockdown response to COVID-19.
While there is no fundamental justification for it, stocks rallied again last week and rallied strongly.
Silver continued its monster breakout last week, rising 15.54%. All markets were higher with the exception of US Treasuries and the US Dollar Index which were mostly unchanged.