Gold Today.9 Nov 2020 22:38
Classic over reaction down 4.5%. The Pfizer vaccine is great news but the drop in gold offers a buy opportunity for gold and gold stocks . All the vaccine or vaccines that come on line will immediately help high risk folk, it will take a long time to get round to the general population . Yes it will give people and buisness a sense of optimism however the damage Covid has done to the economy’s are very very deep , some would say they were pretty damaged to start with . So I expect gold and mining stocks to shake of any losses today and continue the upward momentum as bail outs from counties to all sizes of buisness will be needed . In many ways this could be the real start of the bull market for gold .