Gold And Silver Roar As Stocks Bounce Back

Market Overview - Major indexes experienced a volatile start to the week, with the Nasdaq leading a recovery that also benefited the Dow and S&P 500 [1] - Despite the recovery, concerns over a potential government shutdown limited market activity, with Congress yet to finalize a funding plan [2] - The previous week saw record closes for major indexes, with the Russell 2000 small caps reaching a new high for the first time since 2021 [2] Economic Indicators - The Federal Reserve's recent quarter-point rate cut is factored into market expectations, with traders anticipating two additional cuts by year-end and more in 2026 [3] - Future market gains are expected to rely more on solid economic data rather than solely on rate adjustments [3] Precious Metals Performance - A short squeeze contributed to a rise in equities, with Nvidia's stock increasing by 4% following a strategic partnership with OpenAI [3] - Precious metals outperformed other sectors, with gold rising by 2% to a record above $3,780 and silver increasing over 2.5% to surpass the $44 mark [3][7] Bond and Cryptocurrency Trends - Bond yields saw a slight increase, while Bitcoin fell to approximately $111,000, marking a two-week low [4] - The market has largely ignored the typical volatility associated with September, raising questions about the sustainability of current momentum [4] Trend Tracking Indexes (TTIs) - The major indexes managed to recover from a weak opening, with precious metals showing significant gains [7] - As of September 22, 2025, the Domestic TTI was +6.04% above its moving average, while the International TTI was +11.37% above its moving average, both indicating a bullish trend [8]