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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (116101)	4/12/2024 4:09:09 PM
From: Perspective	1 Recommendation Recommended By Road Runner25 Read Replies (1) \| Respond to of 116790

Thanks! I thought cups usually projected a gain that was equal to the depth of the cup. Given that it's about a ten-fold range on the cup, it would project a ten-fold gain. $42.40 * (42.40/3.60) = $499ish That's about the ballpark where I was thinking even before pulling out any charts. A serious commodity bull could set new high watermarks about 10X the previous new high. Doing the same exercise on gold I arrive at around $3450 though. Not sure if the gold:silver ratio would compress that much, so maybe that's too high. -Robert