Chelsey Dulaney

So we saw a huge drop off in silver prices.

We saw gold tumbling.

And it looked like it was going to continue this morning, but it does seem to be stabilizing a bit.

I think for investors, this has been a kind of mind boggling rally.

And there's a lot of reasons that people give you for why gold was up over 60 percent in the past year, why silver has doubled in price.

And a lot of that has to do with concerns around the U.S.

So debasement, whether the unpredictability of U.S.

policy was going to erode the value of the dollar.

And, you know, one of the reasons why this might be turning around now is because last week

Trump nominated Kevin Warshad as chair of the Federal Reserve.

He's seen by investors as kind of a safe hand.

He was a Fed governor.

He has helped sort of ease some of those concerns about the independence of the Fed and whether the Fed is going to pursue lower interest rates because Trump wants them to.

You have to look pretty far to find something that isn't selling off right now.

It is such a widespread route across global markets.

But, you know, we are seeing treasury bonds rise today.

So yields are going down as well.

The dollar, which had been getting hit really hard over the past year and in particular over the past couple of weeks, has sort of stabilized and risen a little bit.

So that actually should ease some concerns about the sell America trade.

Treasuries are acting as they should.