Coming up Gerald Celente, top trends forecaster and publisher of the Trends Journal joins me for an explosive conversation on the state of the markets, gold, the upcoming presidential election, and why he believes the next recession will be one for the ages.  Gerald also reveals what you should be doing right now to prepare for it. So, don’t miss my conversation with Gerald Celente, coming up after this week’s market update.

As markets close out the month of August, precious metals investors are scoring some big summer gains.  The standout performer has been silver, surging over 15% during the month. 

On Thursday, the white metal spiked to nearly $18.70 an ounce before pulling back in afternoon trading.  As of this Friday recording, silver prices come in $18.43, up 5.4% for the week.

Silver has vastly outperformed gold since early July.  That’s a healthy sign for the broader precious metals bull market.  The gold to silver ratio is coming down from a quarter century high and likely has much further to fall as the bull market progresses. 

For the week, gold is essentially unchanged to bring spot prices to $1,530 an ounce. 

And speaking of ratios, the gold-to-platinum ratio is also coming down from extreme heights as the automotive metal finally kicks into gear.  This week, the platinum market broke out to a new high for the year.  It is up a whopping 8.8% since last Friday’s close to trade at $937 per ounce.

And finally, palladium is surging here today and is up 5.3% now for the week to trade at $1,543.

Looking ahead to next month, metals investors will await a near-certain rate cut from the Federal Reserve.  There is an outside chance the Fed could cut by 50 basis points instead of the usual 25.

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