The gold crash was triggered by the Russian vaccine and slightly rising real yields. It has washed many weak hands out of the game. I can't say much about the vaccine but who trusts Putin? Trump could almost pass for Einstein. Inflation in the US is ticking up slightly. Gold was probably oversold now. Apparently the Goldies anticipated a correction. Because in the last two weeks they have not been following the rise in gold prices. So the losses are kept within limits. A lot of things are going to happen for me in the next few days. US labour market data tomorrow and the reaction of Trump and the FED. In my opinion, fundamentals have not changed that much, so I think that gold will stabilize and then resume its upward trend. Inflation will also rise. I was toying with the idea of reducing the positions, but due to the above thoughts I let it go.
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