Gold and Silver prices fell moderately with Gold down 2% in the past 5 days at $6290CAD and flat month over month. Silver is up 6% this month and flat from the last 5 days now $103.60CAD. Silver is still up 126% Year over Year. US Dollar index DXY is down 1.5% this week at 97.75 and down 2% YOY. SP500 Volatility Index VIX fell 14%. SP 500 ES futures rose 1.5% and are now trading 7296 having remained above 7000 since mid April..
Tensions in the Middle East have oil prices trading around $100. The UAE announced earlier this week that it will be leaving OPEC. The move is not expected to have an immediate effect on oil prices, though a weaker OPEC may be less able to keep oil prices elevated for their members collective benefit. UAE Energy Minister Suail Mohamed al-Mazrouei is quoted “This is a policy decision. It has been done after a careful look at current and future policies related to level of production,”
Crude WTI futures are up 5% at $100.38 and now up 58% YOY. On March 2, 2026, Iran's Islamic Revolutionary Guard Corps (IRGC) officially declared the strait closed.
NYMEX NG natural gas futures which spiked over 100% above $7 in January are now trading $2.76 USD per Million BTU.
Crypto is consolidating, having rallied back with BTC up 1% this week to $78,500 and ETH flat at $2315. The crypto crash originally started on Oct. 10 when Trump threatened to impose an extra 100% tariff on Chinese imports
.
Ai powered Government Contractor Palantir is flat - PLTR currently trades at $142.68, and up 50% YOY after falling from a 52 week high of 207.52.
NVDA is flat in the past 5 days at $199.83, down from a new all time high of $216.83 though still nearly a 5 Trillion dollar market cap
S&P AeroSpace and Defense ETF XAR fell 2% in the past 5 days to $256.96 after making a new All Time High of 295.23 following the assasination of the Iranian Supreme Leader. XAR is up 6% Year to Date
Weekly Jobless Claims were down 26,000 at 189,000 for the week ending April 25th.
The Gold/Silver ratio rose 0.5% now at 60.58 up from a low this year of 43.52 after falling steadily since late October and from its March high of 107. Longer 20 yr and 30 yr US government bonds yields are creeping towards 5%, currently 4.94 and 4.95% respectively.
US Debt now exceeds 100% of GDP for the first time since WW2
The Polymarket quoted probability of a total 0 bps in cuts rose to 57%. The probability of 25 bps is 18%. Short term rates are up in the 2yr at 3.85.
US Comex Copper Futures HG, a leading indicator of economic growth, are flat $6.01 usd/lb after hitting a new all time high in January of $6.58 usd/lb.