[…] Stocks had a grand pop and flop today, as the initial exuberance over a possible vaccine for coronavirus and the apparent win by Biden took a large exogenous weight off equities.
And so it was risk on to near euphoric levels.
And then it was not.
Gold and silver got hammered today.
Looks like the traditional Non-Farm Payrolls report shenanigans were a trading day late.
I was pretty much in cash coming into today. I did add back a trading position in gold and a couple of miners, which were just brutalized.