July 31, 2020

Metals rebounded Friday after falling yesterday in unison with equities in response to the abysmal GDP data.  Gold is currently trading at $1,969 and silver at $24.27, on course to finish the month up around 10% and 30% respectively.  Stocks are lagging with the Dow and S&P 500 both firmly in the red, and the Nasdaq up only marginally on strong tech earnings.