A seventh consecutive net monthly gain, if only by +0.1%. The November candle is spiky on the lower side, having recovered from 6521 to settle at 6849. Monthly momentum ticked a little higher, and is on the high side. A monthly settlement above the key 10MA (6242), as the mid/long term trend remains bullish.
–
Ytd perform’, with 21.5 trading days left of 2025…
Silver +84.7%
Gold +58.6%
Copper +28.7%
SPX +15.8%
TLT +7.6%
WTIC -18.2%
2025 is clearly the year for the precious metals.
Equities have had a pretty strong year.
Bonds are up… as the Fed cut rates
The one major positive for the US/global economy… cheaper oil/gasoline.
–
