Half of the US stock positions were sold. The reason is very simple:


1. U.S. Treasury yields surged sharply, reaching around 5.177%, the highest level since 2007, forcing a squeeze on gold and U.S. stocks 🥵
2. The new Federal Reserve chair, Wosh, will take office on May 22. This person is hawkish before taking office, and it’s unclear what they’ll do once in office—mixed feelings—so better to run first… 🥲
3. The China-U.S. meeting brought no substantive positive developments, and I’m concerned about the future China-U.S. trade and relations 🥵🥵
GLDX-2.23%
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