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Well, there was a volatile 24 hours for the gold and silver markets!

Both the gold and silver prices crashed on the Far East open Sunday night, although, unlike what so many of us got used to during the decade of the 2010s, rather than staying down, the prices shot back up pretty quickly this time.

By the end of today's trading session, the gold futures were up $33 to $3,321.

Silver finished down 4 cents on the day, but obviously rebounded significantly from last night's low of $35.27.

The dollar index continued its stunning freefall on Monday, falling below the 97 level to 96.41, its lowest reading since December of 2021. And as a reminder, it was over 110 just 6 months ago in January. And this is also occurring while most of the other central banks are already cutting rates.

Meanwhile, the stock markets in the U.S. continue to rally to new all-time highs. Which is at least partially being fueled by the fact that at the same time Trump continues to badger Jerome Powell to lower interest rates even further, he's also getting ready to pick Powell's successor.

So, whether Powell cuts the rates or whether the next guy does it, lower rates are coming. And you can see the reaction in the stock markets.

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