Gold and Silver prices performed moderately with Gold up 0.5% in the past 5 days at $6619CAD and down 3.75% month over month. Silver is up 0.5% this month and up 5.75% from the last 5 days now $110.47CAD. Silver is still up 148% Year over Year. US Dollar index DXY is down 1% this week at 97.90 and down 2% YOY. SP500 Volatility Index VIX fell 14%. SP500 ES futures rose 3% and are now trading 7073 having pierced to trade above 7000 for the 1st time since early February and has set a new all time high of 7077.
De-escalating tensions in the Middle East have allowed oil supply concerns to ease with hopes for a lasting ceasefire. On Wednesday, the President posted that “China is very happy that I am permanently opening the Strait of Hormuz… This situation will never happen again, They have agreed not to send weapons to Iran. President Xi will give me a big, fat, hug when I get there in a few weeks.”
Crude WTI futures are down 6.75% at $91.59 and now up 48% 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 $2.59 USD per Million BTU.
Crypto is strong , having rallied back with BTC up 4.5% this week to $75,000 and ETH up 8% at $2361. 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 2% - PLTR currently trades at $142.15, and up 48% YOY after falling from a 52 week high of 207.52. Last Friday, President Trump posted that “Palatir Technologies (PLTR) has proven to have great war fighting capabilities and equipment.”
NVDA is up 9.5% in the past 5 days at $198.87
S&P AeroSpace and Defense ETF XAR rose 1.5% in the past 5 days to $275.47 after making a new All Time High of 295.23 following the assasination of the Iranian Supreme Leader. XAR is up 60% in the past 12 months.
Weekly Jobless Claims were up 16,000 at 219,000 for the week ending April 4th.
The Gold/Silver ratio fell 5% now at 60.01 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 yield are flat 4.87 and 4.89% respectively.
Former US Treasury Secretary and 1st female Federal Reserve Chair, Janet Yellen is predicting one interest rate cut this year. The Polymarket quoted probability of a total 0 bps in cuts rose to 39.8%, where 75 bps in cuts in 2026 stands at 9%, the probability of 50 bps is 16% and the probability of 25 bps is 27%. Short term rates are up in the 2yr at 3.88.
US Comex Copper Futures HG, a leading indicator of economic growth, rose 6.25% to $6.11 usd/lb after hitting a new all time high in January of $6.58 usd/lb.