Trent, curious if you have read Ray Dalio's recent study/papers on the economic cycle? If so what's your view on it? He seems to think that in the next decade gold will do well (link below). He makes a good case that the only viable way to deal with the current debts (pensions etc) will be to devalue money. Not to mention issues of lower global trust with all that's going on in the US and China.
You have to be pretty brave to be shorting gold. Or is this just a short term pullback you are betting on?
https://economicprinciples.org/downloads/Paradigm-Shifts.pdf Particularly end of page 7 " Expected returns and risk premiums of non-cash assets are being driven down toward the cash return, so there is less incentive to buy them, so it will become progressively more difficult to push their prices up. At the same time, central banks doing more of this printing and buying of assets will produce more negative real and nominal returns that will lead investors to increasingly prefer alternative forms of money (e.g., gold) or other storeholds of wealth. "
