It all depends on who can acquire and improve land the fastest. Where else are you gonna buy a house when 30 YR is sub 3%, since nobody but builders want to sell.
Maybe this metal needs a breather from torrid bull pace. Seems like 3.33 be a logical spot for retest.
A stock account starting the 2020 year split 60-40, SPY to TLT would have a identical YTD return as a 100% portfolio of Stocks. At the low the balanced portfolio would have been down 10% as opposed to 31% of all stock. Key takeaway in 1999 and 2007 it took the SPX 5+ years to recover, not 5 months. Maybe smart to Diversify when stocks are going nutty high, ...
Global equities remain under pressure
Don't Close them Shorts - just yet, should be great buying opportunities after this political SH*T show is over in November.