Last week traders and market participants witnessed a transformation in how individual or retail investors can effectively use the power of collective capital to trade the financial markets. And do so with the same big stick that the hedge funds and large institutional players have been wielding for years.

This week traders and market participants witnessed a transformation in the way individual or retail investors can effectively use the power of collective capital to trade the financial markets with the same big stick that the hedge funds and large institutional players have been wielding for years.

If you haven’t heard about the short squeeze plays which began on Reddit’s WallStreetBets forum you are probably living under a rock. Over the last few days, posts that came from this forum created an army of independent traders collectively working together.

In his first press conference of 2021, the Chairman of the Federal Reserve, Jerome Powell said that the Fed intends to maintain its current monetary policy of low-interest rates and massive accumulation of treasuries and mortgage-backed securities. The Federal Reserve will continue adding to its assets sheet with purchases of $120 billion monthly.

The major focus of precious metals traders continues to be the FOMC meeting which began today, and will conclude on Wednesday.

As of 3:30 PM EST, both gold and silver are trading lower on the day. A stronger U.S. dollar is a major component of today’s decline in pricing. Currently, the dollar index is trading at 90.38, up approximately 2/10 of a percent.

Prior to this week’s presidential inauguration President Biden detailed the administration’s plan to address the health and economic crisis created from the global pandemic.

In a similar manner to the dual mandate enacted by the Federal Reserve, President Biden began his first week issuing executive orders beginning with resolutions to deal with the national emergency which is the eradication of the pandemic and its effect upon the economy.

With today’s inauguration of Joe Biden as the 46th president of the United States, both U.S. equities, as well as gold and silver, did extremely well. Market participants and investors are under the assumption that this new administration will aggressively continue to propose fiscal stimulus aid.

Both physical gold and gold futures have started the first trading day of the week with fractional gains in spot gold, and marginal gains in gold futures. Silver futures are trading respectably higher on the day, scoring the largest percentage gain of all of the precious metals.