Metals Continue to Shine!
Equities continue to march higher
Let’s get right into a few charts shall we, first up let’s look at Advanced Micro Devices (AMD) who continues to ride the wave of Intel miss fortunes. Jefferies analyst reiterating their buy rating and raising the price target to $96.
AMD Vice President Scott Herkelman said the following in a press release:
The new AMD GPUs offer the optimal combination of compute performance, energy efficiency and outstanding graphics features to power a wide range of applications -from consumer to pro - wherever graphics matter the most.
As for the chart the breakout above the prior highs in 2000 & 2007 were obvious catalysts technically:
Let’s look at today’s settlement prices for Tuesday August 4th 2020 where you see Silver once again outpacing:
