August 19, 2020

Gold and silver continue their see-saw trading with both metals down sharply on Wednesday.  Gold is trading at $1,957 after re-breaking $2,000 yesterday and silver is down $0.72 or about 2.6%.  Equities are up modestly on strong retail earnings and increased morale after the S&P closed at an all-time high yesterday.  Fed minutes due out this afternoon should provide greater insight into future monetary policy and could rattle markets as has been the case in previous months during this pandemic.