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’.
Interview: Dollar Bouncing & Impact on Gold’s Handle – The Daily Gold (06/17/2021)
Simon Hunt: China’s Gold and Digital Currency Reset – Source – Palisade Radio (06/18/2021)
Patrick Karim & Lawrence Lepard: Gold Manipulation Will Fail and Prices Will Explode – Source – Palisade Radio (06/15/2021)
Stock Market Volatility Is Shrinking (Implications + Game Plan) – Mike Swanson (06/14/2021)