April 23, 2021

Gold and silver jumped to multi-month highs this week but ultimately ended nearly right were they began at $1,777 and $26.04 respectively.  Bond yields finished the week firmly in the red which initially helped gold gain traction, but positive economic data and strong equity earnings put downward pressure on metals which offset much of their yield-fueled upward momentum.  Equities regained most of their losses suffered yesterday after President Biden hinted at raising the capital gains tax for the wealthy and finished up across all sectors.  The Dow added 230 points and the Nasdaq jumped nearly 1.5%.  The S&P hit a record high today and closed up 1.1%.