Julie Morgan

Silver also hit a record high.

It's up 6.5% to 109.

Max Belmont, a portfolio manager at First Eagle Investment Management, told Bloomberg that gold is the inverse of confidence.

It's a hedge against unexpected bouts of inflation, unanticipated drawdowns in the market, and flare-ups in geopolitical risk.

A few other trending articles, and the first two have to do with the winter storm that so many have had to deal with this weekend.

A winter storm forces the most flight cancellations since the pandemic.

A deep freeze knocks Texas energy and industrial operations offline.

And Samsung nears NVIDIA certification for the HBM4 AI memory, according to a report.

On our Catalyst Watch for the day, we have one item.

Hekla Mining will hold an Investor Day event in New York City.

Presentations will be made by the senior management covering strategy, finance, operations, exploration, sustainability, and innovation.

On Wall Street, ahead of the opening bell, Dow, S&P, and Nasdaq futures are in the red.

Crude oil is little changed at $61 a barrel.

Bitcoin is up 1.3% at $87,000.

The FTSE 100 is little changed, and the same is true for the DAX.

USA Rare Earth is on our list of the biggest movers of the day pre-market.

USAR is up 51% following a report that the Trump administration is set to invest $1.6 billion in the company for a 10% equity stake.

It would be the largest U.S.

government commitment to the Rare Earth sector to date.

And on today's economic calendar at 8.30 a.m., the Chicago Fed National Activity Index.