April 22, 2020

Gold and silver are up $47.70 and $0.32 after the Senate gave the “OK” for an additional $500 billion in stimulus aid primarily for small businesses, which the House is expected to approve today.  The rise comes as ongoing stimulus aid increases concerns about inflation down the road.  Stocks are also up across the board on the aid package news and some signs that the oil market is stabilizing.  However, both WTI and Brent remain well below profitable levels at $11 and $20 a barrel respectively.