February 28, 2020

Except for Monday,  precious metals got slammed this week as fears of a pandemic continue to grow as corona virus cases outside China increase at an alarming rate.  Gold had a $100 swing this week and is poised to finish down nearly 4% while silver is currently down over 10% from last Friday’s settlement price.  Equities are on pace for their worst week since the 2008 financial crisis and are currently in correction territory. The Dow dropped 1190 points yesterday, its largest single day point drop, and is down over 3700 points for the week. Treasury yields hit record lows today as the stock sell-off continues.