December 18, 2020

Metals and equities declined today as all eyes are on a potential stimulus package which could be approved as early as this afternoon.  It seems unlikely, however, since Congress cannot even approve a budget to avoid a government shutdown 3 months into its fiscal year. Stocks are declining on the diminishing likelihood of more stimulus and bringing metals down as well. Even with today’s decline, though, gold and silver are on pace to end the week up 2.4% and 8.5% respectively.