Gold and Silver prices are up this week. Spot gold is strong currently at $4,656 CAD. Silver rose to $52.35 CAD. US Dollar index DXY fell back to 98.11 after last week's pop from held rates. The Financial Times reported on Thursday that Swiss Tariffs will affect gold kilo and 100oz bars, pushing gold up $50 US and adding a new dimension to the tariff driven demand for safehaven metal. WTI futures fell back from $67 to $63.83 on easing supply risk and the lower threat of sanctions to Russian crude. Equities rose 2% this week led on Wednesday by Apple Earnings optimism and losing some ground on Thursday to Trade uncertainties, though the Nasdaq managed a record close Thursday. On Wednesday Barchart posted to X “Tech Stocks are outperforming the S&P 500 by the largest margin since the peak of the Dot Com Bubble” ES SP500 futures are currently 35 handles off the high of the week at 6,386.75. President Donald Trump announced on Thursday that he will nominate White House economic adviser Stephen Miran to the Federal Reserve Board. The move will put the president closer to controlling his desired low rate policy in the future. Crypto has range-traded with BTC up 3% this week to $117,000 USD and ETH up nearly 5% to $3957. S&P AeroSpace and Defense ETF XAR underperformed, now up 1% this week to $215.32. Weekly Jobless Claims rose 7,000, to 226,000 though it is unclear if this number would still be considered “Rigged” by the President, who fired Commissioner of the Bureau of Labor Statistics (BLS) Erika McEntarfer last week. The Gold/Silver ratio fell 2 % to 88.86 with stronger gold than silver. Longer 20 yr and 30 yr US government bonds both fell 8-10 bps to 4.80-4.82% respectively. Ai powered Government Contractor Palantir PLTR is up nearly 18% this week currently $182.20 with revenues hitting $1 Billion for the first time in Q2 and rising 48% YoY. The probability of a 25 bps rate cut in 2025 as priced by PolyMarket fell 9 pts to 22%, the probability of 50 bps in cuts rose 10pts to 39% and the probability of 75 bps in cuts rose 14pts to 22%. Short term rates plummeted 21 bps in the 2yr to 3.74. US Comex Copper Futures HG, a leading indicator of economic growth, is flat after last week's collapse of 24% to $4.42usd/lb on news of a surprise tariff exemption.