To be honest, I'm watching. I'm not convinced this is a mini bull run driven by bullish investors. I see it more as a search for an asset that can't be frozen by banks or brokers. Right now, the trading operations of many banks and brokers are limited, and various "glitches", which coincidentally happen much more often now than during the rest of the year, are, in my opinion, making a lot of people think: "Yeah, well, I've got assets in my portfolio, it's just that I don't actually hold the portfolio; a third party does, and they pretty much do whatever they want with it," so they're looking for alternatives.
You'd have to be a right mug to think this war will be over in a flash, and by now, most people that gullible have already been rinsed, so they've got no money left to invest. Sure, there are windfall profits from weapons and oil, and those making them know full well such profits won't last for various reasons, so they're trying to diversify and move into assets safer than TradFi or fiat currency, but that's not enough. The fact that gold is dropping at the same time makes me think people are specifically looking for something that can't be blocked, knowing full well that most gold is held in ETCs, basically virtual gold...
We'll have to wait and see; a short squeeze is possible.
