March 05, 2021

Gold and silver continued their decline Friday,  after February’s employment data came in better than expected, causing the US dollar to jump; 379,000 jobs were created for the month and unemployment fell to 6.2% (vs 200,000 and 6.3% expected).  Stocks, which began the day sharply in the red amid rising treasury yields,  have since turned positive after a tumultuous past 2 weeks.  The S&P 500 and Dow are each up about 1.7% and the Nasdaq, which had been lagging recently, is still comfortably positive, up about 1.4%.