| WEEKLY UPDATE Dear Leah, Gold prices hit a record $2,265 last week, smashing through previous records set in 2012 and 2020. This comes just as stocks are reaching all-time highs. The Dow Jones Industrial Average is nudging 40,000, and the S&P 500 has now seen almost six months of uninterrupted gains. This might make some investors nervous. The last time stocks and gold hit new highs at the same time was in October 2007, the month immediately before the 2008 financial crisis began. However, stocks and gold hitting new highs together is a surprisingly common occurrence. The same happened in May 2006... November 2004... January 1996... the list goes on. And if you broaden the definition to “records made within the past five years,” you also begin to capture the bull markets of 2004 and 2020 as well. Any time an economic boom is underway, stocks and gold tend to rise together. That’s why today’s record prices don’t scare us. So, in today’s Fry Investment Report weekly update, Thomas Yeung will further discuss the relationship between stocks and gold, as well as the factors that could drive gold prices higher. In addition, he’ll review Alphabet’s continued rise, and then share notable portfolio news updates. Hit the blue button below for the details.
Weekly Update Regards, | 
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