Technical analysis by noam_chom about Symbol PAXG: Buy recommendation (4/12/2024)

the fundamentals on gold aren't good: 1. its a rock, King Midas can make the supply infinite 2. mining it is an environmental mess and energy waste 3. value is primarily speculative 4. ton of overhead bagholders from 1,500-2,000 days 5. crypto currency stealing new retail 6. being hoarded by fragile states/ regimes 7. regulatory risk during crisis times 8. massive derivatives & futures market pressure 9. new chemistry could obsolete its small set of utility applications 10. Peter Schiff, Rickards, Clif High, etc baby boomer ponzi crew 11. "Everyone Knows" its a good investment now right? Too Good to Be True pitfall 12. Its just a shiny metal from underground 13. Millennials are already post-gold, post-diamondsComment: not the best analysis in my career