Last week’s pick, Moderna Inc. (NASDAQ: MRNA), went from US$346.61 on Monday, to a high of US$443.99 on Thursday (up 28%).
Strong jobs data from the U.S. drove up the US$, treasury yields, and global equity indices last week. The stronger US$ negatively impacted prices of all the mainstream metals.
We note that deaths to daily new cases are approximately 0.5% in highly vaccinated countries, down from the 1.5%-2.0% highs earlier this year.
This week, the U.S. is expected to release inflation (CPI and PPI) data. Higher than expected inflation will be positive for both gold and silver.
Last week, U.S. cannabis stocks outperformed primarily due to the following positive news.
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Gran Colombia Gold Corp., Doubleview Gold Corp., Tudor Gold Corp., Renforth Resources Inc. , Cora Gold Limited, Enertopia Corporation,Inca One Gold Corp., Sirios Resources Inc., Golden Arrow Resources Corporation, Hannan Metals Ltd., Voyageur Pharmaceuticals Ltd., Pure Extracts Technologies Corp., Halo Collective Inc., TAAT Global Alternatives Inc., Ayurcann Holdings Corp., Fiore Cannabis Ltd.,Voyager Digital Ltd.