December 14, 2020

Gold and silver slid today, first as equities saw large gains in the morning and then in tandem with equities when they retreated into negative territory.  The Electoral College officially solidified President-elect Biden’s November win and Pfizer’s vaccine became available to select groups in the US today.  Wednesday’s Fed meeting will likely be the most important economic news affecting markets this week, especially given last month’s unexpected decline in employment. Stocks were mixed with the Dow and S&P dropping and the Nasdaq finishing about 0.50% in the green.