August 07, 2020

Gold and silver pulled back in overnight trading, and have since declined further after July’s employment data came in better than expected. Unemployment fell to 10.2% and 1.8 jobs were added for the month.  Stocks are mixed with the S&P500 and Dow flat, and the Nasdaq down about 0.45%.  Even with the pullback, gold and silver are looking to close the week up 2.5% and 14.5% respectively and silver is up nearly 240% from its March low.