GREY:VITFF - Post by User
Comment by
givemeabreak1on Mar 01, 2021 11:40pm
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Post# 32692384
RE:RE:RE:Victoria Gold: Eagle Gold Mine 2021 Production Guidance
RE:RE:RE:Victoria Gold: Eagle Gold Mine 2021 Production Guidancehcahoon
I think you need a 4a and a 4b! Your number 4
- Doesn't have a clue on how to value a company and only buys/sells based on price direction and momentum.
I would argue some very smart investors that are very good a applying a valuation to a company but in some instances and in some sectors their is a preference to play direction and momentum. Precious metal have always been different often trading at a much higher multiple based on momentum alone. Or on the flip side heavily shorted. Remember gold serves very little purpose to to try and give it a valuation based on market fundamentals is very difficult. Gold is heavily over-produced for any practical application. Most still goes to jewelry after that it is throw it in a vault coins ETF's etc basically pretend uses. It is uniquiely positioned in the market place as a momentum and direction play. Bitcoin is in a similar situation except of course it being the great pyramid scheme lol!