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GLD off 8% and SLV off 12% from the high
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GLD off 8% and SLV off 12% from the high# Stock
p*a
1
in just 2 days.
what a crazy market!
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r*m
2
actually, this drop is very reasonable.
the previous pop up is the crazy part.
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p*a
3
The previous pop up took 5 days. But this drop only takes 2 days to give
back the 5-days pop. Which is carzier?

【在 r*m 的大作中提到】
: actually, this drop is very reasonable.
: the previous pop up is the crazy part.

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r*m
4
it's noy about the speed, it's about the direction.
price goes back to value.
so the previous pop up is crazy, the current correction is not.
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p*a
5
GOLD is a symbol. You can not use valuation of stocks to treat gold.

【在 r*m 的大作中提到】
: it's noy about the speed, it's about the direction.
: price goes back to value.
: so the previous pop up is crazy, the current correction is not.

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r*m
6
OK.
so why GOLD is worth $1700/oz, not $700, not $17000?

【在 p****a 的大作中提到】
: GOLD is a symbol. You can not use valuation of stocks to treat gold.
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w*2
7

It is because today, 1$ = 1/1700 oz of gold, not 1/700, not 1/17000
once upon a time, 1$ worth way more than this.

【在 r*m 的大作中提到】
: OK.
: so why GOLD is worth $1700/oz, not $700, not $17000?

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