Gold and Silver prices are consolodating with Gold flat in the past 5 days at $6296 CAD and flat month over month. Silver is up 4% this month and down 2% from the last 5 days now $104.25 CAD. Silver is still up 127% Year over Year. US Dollar index DXY is down 0.25% this week at 98.90 and down 0.25% YOY. SP500 Volatility Index VIX is down 9%. SP 500 ES futures rose 1.75% and are now trading 7604 at new all time highs and having remained above 7000 since mid April..
Dell Technologies skyrocketed over 32% on Friday, adding roughly $68 billion to its market value - driven by 1 staggering 757% year-over-year surge in AI server revenue, which topped $16.1 billion for the single quarter. Dell's enterprise AI server division outpaced its traditional personal computer (PC) segment, for the first time. Total revenue jumped 88% to $43.84 billion (beating the $35.5 billion consensus), while adjusted earnings per share reached $4.86 versus the expected $2.94.
Crude WTI futures are down 10% at $88 and now up 42% YOY. On March 2, 2026, Iran's Islamic Revolutionary Guard Corps (IRGC) officially declared the Strait of Hormuz closed.
NYMEX NG natural gas futures which spiked over 100% above $7 in January are up 11% this week now trading $3.33 USD per Million BTU.
Crypto is consolidating, with BTC down 2.5% this week to $73,500 and ETH is down 2% at $2020. 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 up 13% - PLTR currently trades at $155.50, and up 22% YOY after falling from a 52 week high of 207.52.
NVDA is down 2% in the past 5 days at $216.09, well above the previous all time high of $216.83 and is a 5 Trillion dollar market cap. NVDA accounts for approximately 8% of the entire SP500
S&P AeroSpace and Defense ETF XAR rose 6% in the past 5 days to $287.06 after making a new All Time High in March of 295.23 following the assasination of the Iranian Supreme Leader. XAR is up 12% Year to Date
Weekly Jobless Claims were up 5,000 at 215,000 for the week ending May 15th.
The Gold/Silver ratio rose 2.5% now at 60.32 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 fell below 5%, currently 4.97 and 4.98% respectively.
The Polymarket quoted probability of a total 0 bps in cuts fell to 67%. The probability of at least a 25 bps rate hike is currently 32%. Short term rates fell below 4% in the 2yr at 3.98%
US Comex Copper Futures HG, a leading indicator of economic growth, are up 0.75% $6.40 usd/lb - off from a recent all time high in this week of $6.72 usd/lb.