April 14, 2021

Gold and silver remained steady today, trading around $1,735 and $25.45 respectively, as this week’s CPI data showed inflation was much higher than expected in March, and inflation was slightly higher than expected YOY. Stocks were mixed today, in part, due to inflation worries.  The Dow closed in the green, up 54 points as strong bank earnings further helped the argument for value stocks.  The S&P 500 fell 0.4% while the Nasdaq dipped 1% as growth stocks continue to get hit hardest in the reallocation to value sectors due to the rising likelihood of inflation.