October 02, 2020

Gold and silver are teetering around $1,900 and $24 respectively, rising modestly on a worse than expected September jobs report.  In what is the last jobs report before the presidential election, nonfarm employment rose by 661,000 and unemployment dropped to 7.9% (vs 800,000 and 8.2 expected).  Stock futures plunged overnight on the news that President Trump and the First Lady both contracted COVID-19 but have since recovered some of their losses.  The Dow is virtually flat but the Nasdaq and S&P 500 are down 1.9% and 0.6%.