News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
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Hungary and Poland Set to Veto EU 7-year Budget
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UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
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Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
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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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