Positive human trials for the COVID-19 vaccine seems to be turning the market sentiments to ‘risk-on’ mode again. The Dow Jones Industrial Avg. (DJIA) and S&P 500 index rose by 3.85% and 3.18%, respectively. Whereas, Gold and Bitcoin took a beating at the edge of a bullish breakout. On Monday, Moderna, Inc., an American Biotechnology firm, reports positive results in the first human trials to build anti-bodies against Coronavirus. The price of Moderna Inc. stock surged over opened with a 27.9% positive gap surging from $66 to a high at $87, at the time the news broke out. Gold Comeback Denied, Bitcoin Bears Getting Stronger? Moreover, while a vaccine brings positive tidings for pharmaceutical manufactures, it is also starting to remove the fears of a second breakout. Subsequently, gold which made another yearly high around $1761, dropped hard – logging a bearish candlestick on the daily. Moreover, Bitcoin which opened positive on a weekly scale pushing towards $10,000 is also staring to look weak around $9600. gold btc chart Gold and Bitcoin 1-Hour Chart (TradingView) The positive funding rate on BitMEX dropped in magnitude, as the bulls started to fade with a drop in Bitcoin [BTC]. Nevertheless, the futures and options OI (Open Interest) at CME continue to range at an All-Time High. Reduced selling pressure from miners could continue to act as a bullish catalyst attracting institutional investments as well. Bearish Market Sentiments Becoming Weak The uptrend in stocks before the revelation of a vaccine was die to ‘overwhelming Fed support.’ Nevertheless, that had little effect on the uptrend in gold looking to move past $1800 (2012 highs). Peter Schiff, a gold bug and Bitcoin critic tweeted, Optimism over a potential #COVID19 vaccine has investors buying stocks and selling gold. But even if the vaccine pans out, the stocks investors should be buying are those that mine #gold. That’s the best way to vaccinate a portfolio against the No-Limit Powell inflation