Gold and Silver prices have been strong since last week. Spot stands marginally higher at $4,606 CAD per ounce for Gold. Silver pushed higher again, up another 1 % in the past 5 days. It stands currently at $49.45 CAD per ounce. Last week's 12 year high in USD extended to a 13 year high to $36,89. JP Morgan stopped its intent to deliver silver futures; in total the volume of all stopped contacts increased from last weeks over 500,000 oz to 800,000 about ¾ was due from JP Morgan. The Dollar Index is down 1% at 97.85. Gold pushed to a weekly high of $3,399 USD on Thursday pushed again by Safe Haven demand, despite strong equities and reduced trade fears. Equities persisted higher to a weekly high of 6,074.75 on the SP500 ES futures on Wednesday with tariff risk fears lowered by Trump's posting “OUR DEAL WITH CHINA IS DONE…” and “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%.” Weekly Jobless Claims were flat at last week’s revised 248,000 seasonally. The Gold/Silver ratio fell another 1% to 93.06. Longer 20 yr and 30 yr US government bond rates have dropped from their highs late last month above 5% to 4.86 and 4.85% respectively. The probability of a 25bps rate cut in 2025 as priced by PolyMarket fell from 25 to 21% though the probability of a 50 bps cut rose from 21% to 27%. This might suggest that if a cut were required it would happen in a larger 50 bps increment.