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Gold will disappoint investors in 2021 here’s why the bulls’ arguments don’t hold up MarketWatch 12/29/2020 © alberto pizzoli/Agence France-Presse/Getty Images With gold down 11% since the August peak through mid-December, it’s time to wonder whether this is the pause ahead of more gains or the end of the phenomenal bull run. My take: It’s the latter and you should avoid gold The yellow metal had its heyday in 2020 as a “fear factor” trade on deep worries about COVID-19 and a crumbling economy. Now, between natural herd immunity and the vaccines, the virus will be receding. The massive amount of stimulus means we will have a rip-roaring economy by the middle of 2021, with growth probably reaching 6%.

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