August 17, 2020

Gold and silver rose sharply on Monday as the US dollar weakened and the Empire State manufacturing index dropped significantly, suggesting a decline in the rate of economic recovery for August in the US.  Gold and silver are up about 5% and 14% respectively from last week’s lows.  Stocks are mixed today but positive overall.  The S&P is up about 0.33% and within 10 points of its record high while the Dow is down 60 points.  The Nasdaq is up about 1% heading into the final minutes of trading.