Post by
MaterialsMan on Apr 22, 2024 2:37pm
Investor sentiment
What drives it?
Common sense might say fear and greed.
Fundamentals certainly don't account for the daily up and downs in the price of a particular
security. Nothing very often changes on a day to day basis that should affect a stocks overall performance.
Of course if it weren't for these daily swings and volatility investing would become boring and predictable. Kind of like owning mutual funds. What fun is that?
Sure, an earnings surprise either way, or a major industry shake up will affect the price of a stock or sector.
It seems that if the price of gold has a significant move either way, sentiment associated with either fear or greed creates the belief that the price will not stop going in the given direction.
Sometime I think that keeping too close an eye on daily girations will drive me cuckoo.
Maybe a laissez faire attitude would serve me better. The irrational marketplace is going to do what it wants. It will not abide by my wishes, that's for sure.
Comment by
Rainman01 on Apr 22, 2024 2:53pm
On April 12 it did the exact same thing and did a little sideways then back up. I think gold will eventually resume its path upward with the demand side of gold favoring that. What consumers want is real gold and silver which is pushing up demand also. Nickel is up again today also.
Comment by
amishelvis on Apr 22, 2024 5:22pm
I saw an article once that stated , historically we can expect a 10-12% pull back while we are in a bull run. Many times its less than that. But if thats the case ,,,2200 is not a "sky is falling moment'',,,ACTUALLY A GREAT TIME TO BUY.
Comment by
NineLives on Apr 22, 2024 10:17pm
Problem is the physical has risen to new highs but producers and explorers still languishing. Looks like the new possy of young investors are more interested in chasing tech instead of the metals that makes their tech work. This selloff just the shorts trying to make a buck back, they still have to cover which puts a floor on the POG.