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.
Let's see how the rest of the week goes.
The Dollar was higher but failed to take out the 93 handle.
Have a pleasant evening.
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