A Covid Vaccine Can't Kill Silver And Gold

Gold last traded at $1,888 an ounce. Silver at $24.68 an ounce.

NEWS SUMMARY: Precious metal prices extended gains Friday on safe-haven buying and dollar weakness. U.S. stocks rose as investors hoped for an effective vaccine and economic recovery next year.

 Krauth/Seeking Alpha--"Precious metals were dented by Pfizer's positive vaccine news, but I expect that will only last a short time, having scared some weak hands out of the sector. If anything, the selloff may be the catalyst many have been waiting for to help gold and silver establish a bottom, or at least an end to their consolidation. Odds are smart money is going to start buying the dips and accumulate gold and silver, as it gears up for the next, inevitable rally....Although highly positive and very reassuring, the truth is we're not going to be lining up tomorrow to get our first of two doses of Pfizer's vaccine. The road to normalcy, whatever that will mean, is still a long one....Realistically, Covid-19 is a long way from being a distant memory. Restricted movement, quiet cities, empty restaurants, cinemas and gyms, and mostly local tourism. Daily life will continue to trudge forward. Unfortunately, that also includes the world's ongoing geopolitical tensions....Debts and deficits are going to continue to soar. Even with a Republican-led Senate, Biden's still likely to get a $500 billion to $1 trillion 'skinny stimulus' bill passed early next year....Naturally, some gold and silver enthusiasts are asking themselves if a vaccine is enough to kill the Covid-19 virus, as well as the precious metals bull market...The big risk here is being short-sighted. After all, it's going to take a lot more than a Covid-19 vaccine to kill silver and gold."