Silver is down 31.52% ytd, gold is down 10.14%

Year over year silver is up 1.96%, and gold is down 3.11%.

Both still shine in the five-year: Silver up 86.58%, gold up 104.22%.

Argentum $49.50, Aurum $3,894.60, per APMEX. 

Gold and silver rocked and crushed by oil

3896.10 Gold, down 10.11% ytd, up 0.17% 1Y

50.06 Silver, down 30.74% ytd, up 4.6% 1Y

103.37 WTI, a year ago 60.97 up 69.5%

Silver is down 10% year to date but up 58.93% year over year

 Gold is down 0.77% year to date but up 23.11% year over year.

VGPMX vs. SPX since May 1984

Vanguard Global Capital Cycles Fund, now invests at least 25% in precious metals and mining securities but also in high quality but scarce utility and telecom infrastructure, average annual since inception 5/23/1984 through July 2026:

6.10% (10 years 9.10%, 5 years 20.54%, 3 years 27.34%, 1 year 56.05%!)

SPX average per annum nominal, dividends reinvested, same period:

12.01% 

Silver is down 3.54% year to date . . .

  . . . but gold is up 6.57% year to date. 

 

 

😁 

 

Silver down 20.61% year to date, gold down 7.12%

 Silver $57.38

Gold $4025.70 

-- per APMEX 

Silver and gold and stocks, oh my

And the winner is . . . stonks.

 

$5 July 1996 to $63 July 2026 = 8.8% CAGR nominal over 30 years, no dividends (cost to secure unknown)

$382 July 1996 to $4,173 July 2026 = 8.3% CAGR nominal over 30 years, no dividends (cost to secure unknown)

$644.07 July 1996 to $7,450.03 June 2026 = 10.46% average per annum with dividend reinvestment, 8.53% without, nominal (VFIAX current expense ratio 0.04% vs. 0.72% average industry)

Gold and silver are down year to date, but not copper

 Copper is up because high oil prices are bullish for all things electric.

 

 

 

Gold and silver do not believe today's happy talk about oil

 

Silver ended the day down 8.63% on a year-to-date basis.

Gold ended the day down 1.33% on a year-to-date basis. 

Both silver and gold have lost their 2025 mojo year to date because oil, up 68% so far in 2026, is where it's at, Jack

 

Everything sold off today

Stocks were down across the board, with the NASD 100 notably down 4.77%. The equal weight S&P 500 is down 0.52% month to date.

The Tech sector was down the most on the day, 5.78%.

The Consumer Staples sector was up the most on the day, 1.64%, which looks defensive against a possible coming recession. The Utilities sector was up half that.

The U.S. 10Y yield rose to 4.55%, and the 20Y and 30Y yields rose above 5.00. YTD return for VUSUX is now down 0.85%.

Oil retreated 3%.

Metals were down across the board, silver down over 8%.

Crypto was down across the board, too, with Bitcoin falling below $60k.

But DXY climbed! +0.658 to 100.071.

The theory is investors are upset that today's "strong" jobs numbers (the 70k hospitality hires is probably World Cup related, a one off, so forget that) indicate easy money from the Fed is now absolutely out of the question, and maybe even a rate increase is coming because the economy is running too hot, which is silly with 1Q GDP at 1.6% annualized. CNBC called that "solid" lol.

Jokers say everyone's just raising cash to buy overpriced SpaceX in its IPO next week.

Investors are taking profits ahead of SpaceX IPO, says Capital Wealth’s Kevin Simpson

SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says

Gold and silver are still up 5+% year to date

 SPX +10.52% ytd

WTI +53.11% ytd

 

Meanwhile in April: 

Hamburger +18.9% yoy

Coffee +29.0% yoy

Unleaded regular gasoline +28.0% yoy

Electricity +7.2% yoy

Natural gas +3.1% yoy

[Trump 9/21/2024: "We will cut your energy prices in half. Mark it down . . . within 12 months . . ."] 

Milk +1.5% yoy

Whole Chicken -1.6% yoy 

Eggs -56.1% yoy

Tomatoes +50.0% yoy

 

And: 

30-year mortgage average monthly, above 6% since August 2022

Full time jobs above 50% of population just 6 of the last 25 quarters, all under Joe Biden

 

Silver is still up 6.14% year to date, gold 5.09% even as energy prices march higher

 But SPX is up 8.02% ytd.

WTI is up 84.01% ytd.

VGENX is up 20.88% ytd.

 

Investment grade corporate securities:  

VWESX is down 1.54% ytd.

VFICX is down 0.65% ytd.

VFSTX is up 0.27% ytd.

 

US Treasury securities:

VUSUX is down 2.52% ytd. 

VFIUX is down 1.05% ytd.

VFIRX is up 0.16% ytd. 

 

Inflation:

CPI (CPIAUCSL) is up 3.77% year over year in April.

PCE (PCEPI) is up 3.49% yoy in March. 

 

Nominal Broad Dollar Index:

April: 119.03

1Q2026: 119.01

2025: 122.75

5Y: 119.94 

 

GDP, Compound Annual Growth Rate

5Y: 7.031% nominal, 2.775% real 

 

 

Silver is up 12.24% ytd, gold is up 9.15% ytd

 SPX: +7.88% ytd

WTI:  +66.2% ytd

Gold is up 6.82% year to date, silver is up 5.29%

 SPX is up 5.42% ytd

WTI is up about 78% ytd 

Year to date gold and silver are beating the S&P 500

 

Gold is up 11.82% ytd, silver 12.85%

 

Gold is up 9.9323% YTD, silver 5.9767%

Silver and gold had a good week: 

Silver: $76.60 USD +$4.04 USD +5.57% 1W

Gold: $4,764.80 USD +$112.50 USD +2.42% 1W.

Silver was $72.28 on Jan 1, gold was $4,334.30.

Prices are per APMEX, where the 3M and YTD results just happen to be nearly identical as of April 12th, indicating more stability actually Mar 31 to Apr 12.

The war in Iran has been net negative for both gold and silver in the last 30 days, however, as oil prices rose in a volatile manner, which is where all the betting action went. Gold was down over 7% and silver over 10% in the last 30 days.

The blockade of Iran is likely to cause oil prices to spike much more this week, and precious metals to fade, but you never know from day to day with you know who in charge.

Stackers of precious metals will view future price drops as buying opportunities.

Judas' silver is up 2% year to date, gold is up 8%

 Silver:  $73.77 USD +$1.49 USD +2.06% YTD

Gold:  $4,693.90 USD +$359.60 USD +8.3% YTD  

Silver is down 2.43% ytd per apmex, gold is up 4.04%

Silver:  $70.52 USD - ($1.76) USD -2.43% YTD

Gold:  $4,509.40 USD $175.10 USD 4.04% YTD