Weekly Macro Notes (6/19/2024)

Weekly Macro Notes

1) It was a quiet week for gold and silver, which both spun in place. I suppose it was significant that gold has remained above $2300 in New York, and silver has remained above $33 in Shanghai. 

2) The stock market continues to trend, with the S&P hitting another ATH this week around 5450. I’m stunned it got this high, but this is a cla…