$3.90 valuation by GS updated, page-242

I find that hard to believe. Stock market goes up, gold goes down, stock market goes down, gold goes down.

Gold has plenty of downward momentum and that's gonna be like putting a loaded oil tanker going full speed ahead into reverse. Chinese and Indian selling, ETF selling, global demand down, Indian retailers discounting, hundreds of gold shops closing in China and Hong Kong, new technology digging up more gold, central bank demand down 38% in the second half of 2019, traders selling gold to cover other losses, and last but not least, you can't eat gold bars.

Buying at the moment is what's called catching the falling knife.