June 26, 2020

Gold and silver are up $11.00 and $0.10 respectively, trading at $1,773.10 and $17.99.   Stocks are down across the board.  Big banks are leading equities lower after the Fed announced it would cap their dividends and limit buybacks for financial institutions after a stress test showed several vulnerabilities in the current market environment.  Stocks and metals have moved in unison for most of this pandemic but today’s departure from that trend suggests that metals are returning to their traditional role as a hedge against uncertain market conditions.