May 05, 2021

Gold and silver are up modestly today, currently trading at $1,787.50 and $26.56 respectively, after declining yesterday when the Treasury cautioned that if the suspension of the debt ceiling does expire in August, it could quickly run out of money.  Treasury yields spiked on the news pressuring metals lower, but yields have since retreated causing a boost for gold and silver.  Value stocks continue to outperform growth stocks leading to a 100-point increase and new record high for the Dow today while the Nasdaq closed 0.4% in the red after its worst day in months yesterday.