It’s Saturday, January 30, 2021, and this your Market report. What a crazy week! Stocks had an up and down week, Metals were mixed, and Bitcoin is acting like a rabid lemming looking for a rocket or a cliff. Let’s start with… Gamestop. This week the WallStreetBets Reddit group (r/WSB) came out in force to crush Melvin Capital, a hedge fund that had heavily shorted GME shares. The r/WSB folks decided that this was wrong and created a short squeeze on Melvin’s position.

It’s Saturday, January 23, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. What a week! Stock market indices close near all time highs, Bitcoin got clobbered earlier in the week, and Gold and Silver market rebound slightly. Stock markets rallied last week, buoyed by the incoming Biden Administration and its shift to taking the Covid19 pandemic seriously. Gold and Silver had price gains but the charts continue to show a slow slide to the downside.

It’s Saturday, January 16, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. The markets take a pause this week to catch their breath! Gold and Silver drop this week, Bitcoin sells off from record highs, and the Dow Jones / Nasdaq / S&P500 pull back from recent highs. The markets are entering a consolidation phase with profit-taking happening in the stock markets and possibly Bitcoin. We expect more of this in the coming week as Biden Administration takes over.

It’s Saturday, January 9, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. What a week! With the Capitol riots in DC - incited by the outgoing Trump administration - many anticipated the markets to fall. Instead, they all charged higher closing at all-time highs! The Stock Market likes the incoming Biden administration because more stimulus is coming. Bitcoin rallied to another record this week breaking and closing above $40,000 a coin.

Happy New Year! It’s Friday January 1, 2021 and this your Gold, Silver, and Bitcoin market report! Markets are closed today. Gold closed up +1.89% this week to $1,893.09. Silver also closed higher, up +1.97% to $26.33. Bitcoin had another spectacular week, closing the 2020 year at $29,001.72. Gold Chart Gold closed the year closer to the $1,900 level contrary to our call to be closer to the $1,800 level.