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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.

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While there is no fundamental justification for it, stocks rallied again last week and rallied strongly.

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As we suggested last week, metals markets continued to consolidate after a big run-up.

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By our technical measures, stocks are now once again in an uptrend.

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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.

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Metals continued their breakout last week.

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Metals broke out last week. Gold rallied 5.58% while silver advanced nearly 18%.

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Your Portfolio Watch Weekly Update – July 20, 2020

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Your Portfolio Watch Weekly Update – July 13, 2020

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