February 26, 2021

Gold and silver are both on pace to end the week down about 3.5% as inflation scares continue to intensify, sending treasury yields soaring to a one-year high. The jump in yields suggest investor sentiment on the economy is improving which was seen in yesterday’s underperforming auction of the 7-year T-note.  Stocks are mixed with the Dow, down about 1% and the S&P 500 flat.  The Nasdaq, which was hit hardest this week as growth stocks continue to lose appeal on potential rising rates, is trying to gain back some of its losses, and is up about 1%.  Even with today’s rise, the Nasdaq is still on pace for its worst week since October.