December 23, 2020

Gold and silver rose today as the $900 billion COVID relief bill passed by Congress earlier this week remains in limbo after President Trump publicly expressed his displeasure with it and hinted at a veto in its current form. Particularly, Trump wants to remove foreign aid from the bill and up the amount of money allocated to stimulus checks. Equities seem un-phased by the possible holdup in new stimulus as this week’s jobless claims fell to 803,000 (85,000 less than expected). The Dow is up 250 points and the Nasdaq, which had been lagging earlier in the day, turned green and is currently up 0.2%.