August 18, 2021

Gold and silver fell today in early trading as retail earnings this week continued to beat estimates, a good sign for economic recovery.  FOMC minutes released today show the Fed is preparing to taper its asset repurchases as early as Q4 2021 which was sooner than markets expected, causing equities to drop and gold to rise.  Currently, gold is trading just under $1,790.00, close to its best price of the week while stocks had their worst day in nearly a month with the Dow dropping 382 points, and the S&P 500 and Nasdaq falling 1.07% and 0.84% respectively.