May 20, 2021

Gold is holding steady around $1,875, down nearly $10 from yesterday’s high but still up nearly 2% for the week.  Silver also fell sharply from its Tuesday high of $28.70 but is still up about 1.5% for the week.  Gold and silver are showing their strength as haven assets as cryptos continue to struggle, having fallen as much as 40% this week off their recent highs and equities posted 3 consecutive days of losses.  Stocks, however, are up sharply across the board today as this week’s jobless claims report was the lowest since the pandemic began.  The Dow is up 320 points heading into the final half hour of trading and the S&P 500 and Nasdaq are up 1.4% and 2% respectively.