June 18, 2021

Gold is poised to end the week nearly 6% in the red after Fed guidance regarding inflation and potential 2023 rate hikes, caused a massive selloff in metals markets.  Silver is currently down nearly 7%.  Stocks continue their selloff with all major indices firmly in the red.  The Dow shed over 400 points heading into the final half hour of trading.   Nasdaq and S&P 500 are down 0.7% and 0.9%, respectively.  Bond yields slipped today which helped precious metals regain some footing, albeit down significantly for the week.