Here is the $100 correction on the vaccine as expected. Like room service. The short term is the time to enter gold. The vaccine is some time away from being administered. If the economy comes back hard, then it just feeds into inflation and gold will go again. All the stimulus is in the system and it’s highly likely that more is coming. The US is having 100,000 new cases and day and Europe is melted. We know the markets are looking out 6 months so I doubt it will take it long to work out that this feeds into inflation and negative rates. Smells like the cyclical bull market is still on. Wild short term but it’s going to settle down. I reckon Biden is going to want to hand out more candy at some point anyway. Gold could go lower short term. Gold was up over $70 recently so we are now approx $30 lower than a week ago. News papers will love the hype but I’m staying for the bigger picture. Good luck.
