/biz/ - Business & Finance

>>29929073
Finally i'll maybe be able to break even with my barrick position if we stay green for a millenia or two.

What do you frens think of GOLD right now?

I personally believe it's at a great entry price. Actually it's now so low it's barely 2 bux above the lowest point of the doomcrash of march 2020 when we thought we would all die of the coof and before we noticed it was just a giant scamdemic. And gold dipped at $1470 back then (but immediately rose back up and ended up breaking ATH).

That said, i thought $24 was a great entry point, then 23, 22 , 21... and now we are at $18. While in 2011 the stock was hovering around $50 when gold was almost 2K. I feel like i'm missing something in the picture.
Especially since the past weeks the company have been showered with great news but it still kept dumping harder than ever, for no apparent reason.

So for the moment i keep averaging down, because i can't believe it can realistically go down much lower. And the feedback i get from others places online tend to have the same feeling GOLD is currently insanely undervalued. Yet it always manage to go down even further...
Do anyone have a guess about why it is performing so badly?
Is it indeed a nice play to get in now or should i abandon all hope and commit seppuku?