Stocks and Precious Metals Charts – Risk On! – For Now, as Optimism Balloons

from Jesse’s Café Américain

[…] It was risk on all the way, today.

Moderna put out a news item that waxed optimistic about a coronavirus vaccine. While we can hope, the markets seem to be far exceeding the near term promise of an effective vaccine and its effect on the economy.

At least the Trump coronavirus vaccine czar should be happy, given his equity position with Moderna. Ca-ching!

So stocks soared, and the dollar fell.

Gold and silver reached for a high note early on, and then were sold off hard for losses.

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