Phil Carr
The Gold & Silver Club
On Monday, AstraZeneca announced its COVID-19 vaccine was 70% effective in pivotal trials and could be up to 90% effective, giving the world's fight against the global pandemic a third new weapon that can be cheaper to make, easier to distribute and faster to scale-up than rivals.
“Vaccine Mondays” as they are now known – have become one of the most predictable money making opportunities that continue to present traders with an endless flow of lucrative back-to-back trading opportunities week-in-week-out.
Whilst gold remains vulnerable in the near-term – it goes without saying, the fundamental backdrop for precious metals remains extremely bullish in the long-term.
The vaccine might kill the virus, but not the vast mountains of debt and economic damage economic damage caused by the coronavirus pandemic. Central banks are expected to maintain ultra-loose monetary policies, which inadvertently will lead to higher inflation throughout 2021 and beyond.
Where are prices heading next?
Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.
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