This was the best performing asset in August and 2020 YTD

Zero Hedge/Tyler Durden/9-1-2020

“As Deutsche Bank’s Henry Allen writes, in terms of the highlights it wasn’t tech but silver that was the top performing asset in August for the 2nd month in a row, thanks to a +15.4% increase. That move cements its existing YTD lead, having now risen by +57.6% since the start of the year, in a move that outpaces even the NASDAQ. Matters weren’t so positive for gold though, as in spite of rising above $2,000/oz at the start of the month for the first time ever, the precious metal ended up losing ground to close -0.4% lower. Nevertheless, commodities generally performed strongly, with WTI (+5.8%), Brent crude (+4.6%) and copper  (+6.0%) all seeing solid advances, even though oil remains one of the worst performers on a YTD basis, with Brent (-31.4%) and WTI (-30.2%) still well below their pre-Covid levels.”

USAGOLD note:   An interesting overview posted at ZeroHedge based on a Deutsche Bank report ……