Gold Price Plummets $100, Can It Go Lower? Pfizer, Travel Stocks Soar, Zoom Tanks
Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%).
Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’.
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Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
90 % efficient , 50 % of the population are immune.
All world financial issues are resolved completely by the vaccine 💉. SELL YOUR GOLD AND SILVER TO THE SHORTS THEN SAVE CASH AND EARN NEGATIVE RETURNS
What? No, not even close. So many businesses have been utterly destroyed, and savings have evaporated. I also don’t see less regulations under Biden only more.
@Prax He is being sarcastic.
@카산드라 I hope so. Otherwise he’d be the 5th person today that I’ve encountered who actually believes this.
Cashless jan12 2020. Happening
@Douglas Nelson There’s going to be right wing riots soon too then.
What makes me suspicious Pfizer produce millions of doses before the results from this trial. Another item that makes me suspicious.
Funny it’s announced right after Bidens declared election (although he’s not actually president elect yet).
@James Why is that funny? Because it’s inconvenient for the losing candidate?
James thought the same thing
Biden can’t win with fraud, search hammer it was rigged
@1waysoldout The good news is Biden will just win with legal votes.
Co-Hoax doesn’t exist
There are no free markets, its all manipulated threw the deep state.
And Qanon, don’t forget them.
Call me cynical, but I find the timing of the announcement suspicious a mere six days AFTER the election. Do you suppose big pharma saw greater profit potential with a Biden administration than it did under President Trump who initiated the Most Favored Nation pricing measures?
Watch Biden next take credit for the soaring stock market, just like the Left tried to take credit for President Trump’s remarkable economy. Yeah right, the same people who said we’d need a magic wand to restore American manufacturing!
I might be deplorable and irredeemable, but the Lefties are despicable liars and hypocrites!
Make sure not to take the vaccine!
Nice one! 👍
The vaccine, If it works as they say, is the only option we have to have our normal lives back, otherwise this covid will eventually destroy everything.
Butt Phuckers too!
@P.C. H. this time, new viruses are in the works. Bill Gates will not waste a good crisis to make money and control the masses.
This is manipulation. Is the economy stronger? Nope. Has COVID been conquered? Nope. Just whispering of a vaccine is all. What a joke this country is.
Jokes on us.
Darn it. Guess I’m going to have to buy more.
Very suspicious that 5 different drug companies said they had a vaccine today.
a worldwide cure for covid and getting to 29800 is the best you can do ???????? think about that folks !!!! we will experience some major headfakes in the next 72 hours.
Didnt pfizer get put on hold, i worked in clinical trials and when things get put on hold something went really wrong!!!!
Correct. 2?/3yr test trials voluntary. ..now crimianility to avoid billgayes transhumanism vaccine
Tom Horn frequency activated. Mutates ..made by. Mankind against man
5g6g neurallll. L ink MEGAHERTZ 60..100
BOILS LIFE MIND CONTROL HEAROXYGEN DEPLETION
RNA MODE MODERNA?
@James It will not be over until the drug companies inject the sheep and receive their payoff.
Direct everyone’s eyes to vaccines while trump Biden issue is still going on …. What a timing ~ Hahaha
This whole system feels like a rigged carnival game.
@Richard Hart we new the virus would somehow magically disappear once Biden is elected by the MSM
Because it is.
@Jake Greener Good thing I took some stock profits on my silver mining stocks Friday! If silver and gold drop lower I am buying more shares!
Ya don’t say… lol
@Richard Hart good call, these inflated market numbers will not last long.
This are dummies salling off there fiscal gold & sliver . But that’s more for other to grab on and wait .
Exactly selling gold to buy the bubble in equities and bonds
Meh. It’s paper trading. We’re not seeing actual supply and demand being reflected in those prices. Just keep stacking.
@David Koziar Yeah ASE are still $29 at all my LCS. No price drop at all.
More probably will bounce back around 1880. Nothing certain yet. The economy was not in good shape before Covid anyway.
There’s no escaping the money printing.
it’s like pissing into the wind, there’s only one way it can end
That’s why you hold on to your stack!
Yeah, biden should be even better than corona for gold. Just hold on 🙂
Indeed folks. Think about this: when was the last time we had an economic recession? Interest rates will stay low (near to zero) for the coming decade. The system is broke and the only way is to inflate ourselves out. Until another bubble will burst… 😀
I will not take their vaccine, if you want it I hope you get it
Yet government spending is still out of control……
Meh, if China is still indeed acquiring gold to back the digital Yuan, little has fundamentally changed between yesterday and today. (Except that now China can buy cheaper gold.)
China. Mine btc for dumb western folks. Buy gold from them using btc profits. They love virtual crap , asians prefer the real thing
It doesn’t matter, vaccine or not, we still have big problems and does can’t be solved with vaccine! Gold will raise, it just a matter of time.
Yes the system was in trouble well before covid even hit
Pfizer, Gates Foundation, Fauci, they’re all in on this Plannedemic. I wouldn’t take this vaccine if my life depended on it, and it doesn’t for that matter.
Biden lock Downs coming they are playing with your emotions, just cause the music still playing don’t mean the ship ain’t sinking!