The position of gold bought in the past two weeks has reached two times the standard deviation, which is the largest scale and the fastest time in nearly two years.

Gold rebounded again last night, breaking through 3400 USD. We will soon find that gold has reached a new high.

Going long on gold will be the unchanging main logic this year. I've shared a lot about the logic, so I won't repeat it too much.

Gold has risen a lot this year, do you think the profits of gold mining stocks will improve?

Therefore, those who feel that taking a long position in gold does not have a good cost-performance ratio should consider buying some mining stocks with relatively low positions, as it will have a higher risk-reward ratio compared to going long on gold.

After all, when the profits of mining companies are high and free cash flow increases, they will really buy back their own stocks.