December 09, 2020

Gold and silver fell $36.40 and $0.75 today, having one of their worst days since prices bottomed out in mid-March.  The drop comes as the US dollar showed some signs of life, gaining traction on modestly rising bond yields and declining equities. The Dow finished down over 100 points, still holding onto its 30,000 level while the Nasdaq dropped nearly 2%.  The S&P fell 29 points after closing above 3700 points yesterday for the first time.