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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (579)	3/1/2021 12:39:30 PM
From: Bull RidaH	Read Replies (3) \| Respond to of 4397

GOLD - Hi JOAT!! That's pretty close to GOAT, which you will be in the running for if you keep making calls like this!! <g> Message 33163185 Keep it up and I'll send my driver by to take you anywhere you need to go... <g> At the time of the topping calls last summer on Gold, I gave a hint to where gold is headed. Message 32853873 "Short the barbarous relic all the way down to its fair and intrinsic value" Fundamentally, a fair number would be an average of Gold's ... 1) last 100 years average price ratio to silver - 50 to 1 = $1300 2) cost of a fine tailored suit = price of 1 ounce of gold - $1,000 according to these guys. montagio.com.au So around $1,150 is my best guess on fair value. The $600 excess in current price is just a "gotcha premium" that got built in ahead of the pandemic by the tipped off speculators. Technically, I dont have an established objective aside from the lower tine of the pitchfork being met, which is around $1600, as seen in this post. Message 32849230 Once that's tagged, the subsequent rally should fill out the far right side of a down pitch fork drawn from last summer's peak which should yield a deep target well below $1200.