Global stocks surge to an all-time high, Treasuries fall and the dollar weakens after Pfizer announces that its Covid-19 vaccine prevents more than 90% of infections in a large-scale study https://t.co/PVxOoYGLwa
Eight months into the worst pandemic in a century — the preliminary results pave the way for the companies to seek an emergency-use authorization from regulators if further research shows the shot is also safe https://t.co/4z3GSGKpwM
Pfizer has announced that its COVID-19 vaccine successfully prevented 90% of infections compared to a placebo, a more positive result than experts expected https://t.co/Of2h0DzHwA
Dow futures soared 1,500 points after Pfizer and BioNTech said their coronavirus vaccine candidate was found to be more than 90% effective in preventing COVID-19 in trial participants.
https://t.co/hsttfmkEPb
BREAKING: #Gold, #silver prices sharply up as bulls hit the accelerator and shift into overdrive, pushing metals to multi-year highs. Gold up $24.30 at $1,842 and silver up $1.25 at $21.43 | #kitconews |
The Fed Is Going To Buy Stocks
"Supporting the S&P 500 is central to this effort, not because a fall in the market signals a recession is coming, but because it is the recession"
https://t.co/DgY39HL2lS
Remarkable.
Miners are reluctant to spend capital with gold prices near all-time highs.
This never happened before.
Supply is likely to stay constrained for a long time.
Exactly how a bull market for precious metals should look.
Gold breaks above $1,800. It's not really gold going up, but the dollar going down. The Fed can't print trillions of new dollars without existing dollars losing purchasing power. Therefore, more dollars are needed to buy #gold. Soon more dollars will be needed to buy everything.