WEEKLY MARKET UPDATE GOLD UNDER USD $5000 AND SILVER UNDER $100!! Feb 6

Gold and Silver prices have been hit hard though rebounded with Gold up 0.25%  in the past 5 days at $6608CAD though down nearly 13% from the high made last week Wednesday.   Silver is down 10%  from the last 5 days  though down nearly 40% from the high made last week Thursday now down to $100CAD. Silver is still currently up 116% Year over Year.  US Dollar index DXY is up 0.5%  this week at  97.75 and down 10% YOY. SP500 Volatility Index VIX rose 16%. SP 500 ES futures fell 2.25% and are now trading 6785  having pierced 7000 four weeks in a row but so far unable to stay above that key technical level. Crude WTI futures are down 1.25%  at $63.83 and down 13.75% YOY.  NYMEX NG natural gas futures which  spiked over 100% last week to $7.44 on cold weather are now trading $3.49 USD per Million BTU on cold weather this winter, down 0.25% month over month. 5-year old Liam Ramos - the preschool child that was allegedly held hostage by ICE and his father have been released by order of a Federal Judge. They have returned to their home as the status of their asylum application remains uncertain. The family’s lawyer said in a statement: “We are pleased that the family will now be able to focus on being together and finding some peace after this traumatic ordeal,”  The Partial Government Shutdown that loomed over markets last Friday has come and gone with Tuesday's  signing of  a $1.2 Trillion dollar funding bill and allowing only 2 weeks extended funding for the Department of Homeland Security by the President. Unfortunately, the damage to markets was already done. From Wednesday of last week to today, the Total Crypto Market Cap has declined nearly 1 Trillion USD to just under 2.25T. Crypto’s price apocalypse is widespread with  BTC down  22% this week to  $65,700 well below the November  low of $80,500 USD. BTC fell sharply on Friday morning following the near certainty of a government last week over DHS funding in the wake of ICE protests. ETH is down 28.5% at  $1934 this past week. 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 down 13.5% - PLTR currently trades at $130.01, and up  62%  YOY. NVDA is down  10.25% in the past 5 days and down 10.5% this past  month at $171.88. S&P AeroSpace and Defense ETF XAR fell  5.75% in the past 5 days to $259.38. XAR is up 50.75% in the past 12 months.  XAR rose 4% on the Monday following Maduro's weekend capture but has been declining steadily for the past 3 weeks as geopolitical risks like the President's Threats against Iran and Greenland have softened. Weekly Jobless Claims rose  22,000 to 231,000 for the period ending Jan 31st. The Gold/Silver ratio  rebounded 12.5%  at  65.54 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 are down 5 and 3 bps to  4.79 and 4.85% respectively. Japan's 40-year bond yields which surged to 4.21% on two weeks ago is falling back, currently trading 3.8% The Polymarket quoted probability of a total 100 bps in cuts coming in 2026  is currently 12%,  75 bps in cuts in 2026 stands at  27% and the probability of 50 bps is  27%.  Short term rates are down 7bps in the 2yr at 3.47.    US Comex Copper Futures HG, a leading indicator of economic growth,  fell   2%  to $5.78 usd/lb after hitting a new all time high last week of $6.58 usd/lb.