February 21, 2020

Gold surged over $26.00 today, almost reaching $1,650 an ounce, as corona virus worries continue to hammer equity markets and weaker than expected PMI data released today which came in at 49.6 putting it in contraction territory and falling for the first time since 2013.  Treasury yields also continue to fall with the 30-year hitting an all-time low of 1.8904%.  Gold and silver are on pace to rise 3.9% and 4.6% respectively this week.