August 27, 2021

Metals and equities surged in tandem today as Fed Chair Jerome Powell clarified the Fed’s tapering timeline and emphasized its focus on asset repurchases only, and that raising interest rates is not part of the current plan.  Gold and silver are poised to close the week up over 2% and 4% respectively.  Stocks are also firmly in the green with the Dow up 260 points and the Nasdaq and S&P 500 both trading near today’s highs on pace to post record closes.