00:00 Speaker A

Let’s fire up three things you need to know today. The precious metals trade is losing some of its shine. Silver prices down nearly 3% after hitting a fresh record above $80 an ounce.

00:09 Speaker A

At one point on Sunday, silver’s market cap was slightly more than Nvidia’s market cap of $4.63 trillion.

00:16 Speaker A

Although, I want to note this comparison is pretty much meaningless in terms of market analysis. It’s just a finance fun fact for your trip to work this morning. You’re welcome.

00:24 Speaker A

Now Elon Musk is warning about the move higher in silver saying it’s not good because of the metal’s use in industrial production.

00:30 Speaker A

Plus, Bitcoin is fighting for gains. The cryptocurrency trading above $90,000 on Sunday, though it has pulled back a bit from that level today.

00:38 Speaker A

Either way you slice it, Bitcoin has finally broken out of its brutal 11 week downtrend. That’s good to see for the crypto bulls.

00:44 Speaker A

And investors are hoping for a Santa Claus rally to close out the last few trading days of the year. December has been kind to the Bulls. The Dow Jones industrial average is up 2% on the month.

00:52 Speaker A

The S&P 500 is up 2% and the Nasdaq has gained 1%. Year to date, all three indices are up by double digit percentage.