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Gold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanks
Gold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanks
ratings:
Length:
16 minutes
Released:
Nov 14, 2020
Format:
Podcast episode
Description
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’.
Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’.
Released:
Nov 14, 2020
Format:
Podcast episode
Titles in the series (100)
Economy to shut down again this winter says Lobo Tiggre, investor who called gold price drop: "If Biden is sworn in, he'll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They'll blame COVID-19, but for once, socialism might also get some of the blame for the trouble it causes..." said Lobo Tiggre of the Independent Speculator in a Tweet made last week. by Kitco NEWS Interviews