Thanks for the analogy. Very curious to see how far gold will pull back eventually.
Gives you an idea. These are 10yr moves so the downside is quite large, -45% and more.
I've had this running for 3yrs and it turned out well Although I originally had Gold topping in Sep, not Mar. I'm unsure what I think about this timing change but I want a 6.5k 🎯 so it's wait for which one hits and go from there.
Downside maybe to 2.4k however if you do other calculations assuming Gold bottoms in 2028, I get 3.1k fair market value for Gold. Anything below that and you know it's an exaggerated swing below.
The noise for Gold is the 10k-15k-20k calls and the confusion over the signal Gold is currently sending. It's pricing event risk. Once that event occurs it stops signalling that which is why the huge down move follows. I traded silver for the 2011 move, trust me, once it pops you'll hear every pleb calling for higher for years and years. Gold bug plebs double down hard too. They buy and buy and buy, always bullish.