Long Position on Silver and Gold?

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Originally Posted by TRnCO

probably just a one day bump, BUT DOW up over 1700 for the day, holy mother of day bumps!!! Simply on the announcement of a possible covid treatment....

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Not simply. A 90% effective vaccine is tremendous toward resuming normal social and economic behavior. Of course, the Dems will take credit for it (assuming they are successful in stealing the election but I just don't see any way to combat their ballot harvesting after the fact) but the realities are that the virus is real, the long-term viral impacts on health are still being discerned, and societies worldwide need to resume normal social patterns of behavior. It has impacted virtually every industry with the possible exception of jobs paid by guaranteed government funding. If the effectiveness of the vaccine is proven real, it will go a long way toward restoring the economy nationwide, nay, worldwide.

Travel industry saw a great bump this morning.
Cruise lines were winners.

Wow, i was totally wrong on the market behavior. I was expecting declining in the market, but it rose after becoming elect.
Maybe wall street and large cap loves more regulations, so that there are less competitors. In theory, internet and app stock should got hit hard.

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Originally Posted by MrPrena

Wow, i was totally wrong on the market behavior. I was expecting declining in the market, but it rose after becoming elect.
Maybe wall street and large cap loves more regulations, so that there are less competitors. In theory, internet and app stock should got hit hard.

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I think Wall Street might be looking forward to the next round of Quantitative Easing under a Harris presidency.

Interesting timing of the announcement by Pfizer.
Just sayin'

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Originally Posted by roberth

I think Wall Street might be looking forward to the next round of Quantitative Easing under a Harris presidency.

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That will trigger another QE "competition" with China. After 2050, we literally have to carry either silver/gold or NEW issued currency.
My guess (after qe war) is New issued currency will have Washington on $100 bill and Franklin in $100,000 bill.

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Originally Posted by MrPrena

Wow, i was totally wrong on the market behavior. I was expecting declining in the market, but it rose after becoming elect.
Maybe wall street and large cap loves more regulations, so that there are less competitors. In theory, internet and app stock should got hit hard.

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You should have expected a general rise based on the announcement of the general effectiveness of Pfizer's vaccine because it's a signal of being able to establish normal social and economic behaviors -- especially with respect to things like travel and dining. In addition, Wall Street, large caps, and government processes like stability.

Some of us have felt governments have long needed a hard and severe shake-up -- which Trump has provided -- but the aforementioned institutions HATE that kind of "creative chaos" so they welcome the prospect of a return to predictable (albeit Socialist-oriented) government. We hate the Socialist trend because it shows the destruction of the democratic capitalist environment that really built Western society but that's looking long term, over the course of decades and centuries while the aforementioned institutions are looking at quarters or years.

I don't know why you expected internet stocks to get hit hard. The pandemic has shown a greater reliance on internet services as people were less able to interact in person and as in-person entertainment has dropped off. Even if there is light at the end of the tunnel to resume travel, dining, in-person meetings, etc., internet services expanded during the pandemic are showing cost benefits to reduce business travel, increase direct-to-consumer streaming instead of theaters for movies, etc.

The real credit should go to Oxford University research teams. Wall Street destroys people for money.

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Originally Posted by Aloha_Shooter

You should have expected a general rise based on the announcement of the general effectiveness of Pfizer's vaccine because it's a signal of being able to establish normal social and economic behaviors -- especially with respect to things like travel and dining. In addition, Wall Street, large caps, and government processes like stability.

Some of us have felt governments have long needed a hard and severe shake-up -- which Trump has provided -- but the aforementioned institutions HATE that kind of "creative chaos" so they welcome the prospect of a return to predictable (albeit Socialist-oriented) government. We hate the Socialist trend because it shows the destruction of the democratic capitalist environment that really built Western society but that's looking long term, over the course of decades and centuries while the aforementioned institutions are looking at quarters or years.

I don't know why you expected internet stocks to get hit hard. The pandemic has shown a greater reliance on internet services as people were less able to interact in person and as in-person entertainment has dropped off. Even if there is light at the end of the tunnel to resume travel, dining, in-person meetings, etc., internet services expanded during the pandemic are showing cost benefits to reduce business travel, increase direct-to-consumer streaming instead of theaters for movies, etc.

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Yeah. Prediction was prior to Pfizer's announcement if you see the election thread early.
I assume govt will have more regulations on internet companies. Maybe it was insignificant on short run.

I think if Trump is successful in his challenges and wins, there will be significant relook at the 230 protections enjoyed by FB, Twitter, YouTube, etc. but the Dems will do everything they can to protect Big Tech because of what it has enabled them to do in controlling the message, shifting culture and opinions, etc. Expect internet companies to be the only ones deregulated if the Dems get ultimate power again.