News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
**** Gold Market Wire ****
**** Gold Market Wire ****
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France Recalls Its Ambassadors from USA and Australia...Calls Their Behavior "Unacceptable" over Scuttled Submarine Deal...Calls Australian Behavior "A Stab in the Back"
France Recalls Its Ambassadors from USA and Australia...Calls Their Behavior "Unacceptable" over Scuttled Submarine Deal...Calls Australian Behavior "A Stab in the Back"
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Gold Reverses Sharply on News of Vaccine Potential

November 9, 2020 - - (Gold Market Wire) - Gold is down over 4% on news that a vaccine for Covid-19 may appear to be successful in trials. Gold has unwound all of last week's gains on the news.

Quite honestly, the powering stock market and the sell-off of Gold may be a natural reaction to the news, but it is only news related. There should be no fundamental damage to the Gold price. Nothing has changed in the world of monetary chaos - actually it continues to grow, as a Biden Presidency means more debt...more (pointless_ 'stimulus', and a lot of debt wiped out.

If you leveraged up, you;ve probably been stopped out. If your riding length without margin, there is little reason to cut. The market should come right back after it digests the news. This is a news based rally.

That is all.

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