Barrick Gold GOLD Option Short Term Targets
Im buying Calls on GOLD at below $24. Short term target $25.5 or hold for breakout. Stay alert to changing market conditions.
Gold is very expensive according to my analysis, even from an inflation adjusted perspective. If there is major inflation in the future I expect gold to be an UNDERPERFORMING asset because ALL hard assets will increase in value but gold neither has the monetary function of BTC or USD nor is it easily divisible or tradable. Gold industrial demand is being whittled away by nanotechnology.
https://bgr.com/2018/12/28/copper-to-gold-process-china-research/
Not only that, big dopeman style gold chains and bling grill are likely to be less sought after fashion statements as well even in a post industrial covid19 shutdown environment. I will be looking more to other minerals and metals such as uranium, rare earth, diversified metal mines, and agricultural inputs instead of gold.