With COVID cases as bad as they are in the USA and a change in...

With COVID cases as bad as they are in the USA and a change in presidents coming, I expect that Biden will impose restrictions on the USA coming into winter, its out of control over there and is putting stress on the fragile health care system they have. But you can't impose such restrictions without having stimulus and support. There will be some form of stimulus given to Americans heading into christmas for multiple reasons, currently one in three Americans are struggling to pay back basic living expenses, christmas spend translates into massive economic benefits for all countries. America won't allow their people to struggle if all supports for unemployment and relief end in December, with no big news of a second big stimulus coming until Biden is inaugurated, they will likely provide a temporary package of a smaller sum and continue larger stimulus discussions post inauguration.

Gold sentiment has declined over the past month as news on greater stimulus has dried up and vaccine news has come out, but vaccine news doesn't fix the crippled and weakened US economy. A vaccine only cures the health crisis, and it will take months to roll out. Once the world goes back to normality, the full impacts of the crazy money printing by the US will be realised through greater inflation and a weakened US dollar, driving the value of gold up. US debt is higher than it has ever been, and they have no meaningful way of paying it back. The US dollar is seeing the greatest supply in its history. The US has no bargaining power in a global economy, which is why they run at trade deficits, they have no real wealth producing assets. All money printed is just money given to the American people to spend on consumables and retail which come from other countries like China. Its all a big bubble, and all bubbles eventually find a pin, especially a balloon the size of the US economy just waiting to burst and crumble with such a poor outlook.

@Skol I am surprised to read you don't like Peter Schiffs work, you seem like someone who follows fact, Peter Schiff has called many bubbles including the dotcom bubble and GFC and has a very rational and realistic view on the US. He may be pro-gold, however, he has his reasons and predictions which have come true.