B2Gold Corp T.BTO

Everyone who sold yesterday

[Mack100]

So let me get this straight - you have a single day when gold slumps, and BTO (and other gold stocks - I hear you tootall!) get hammered. Folks are clamoring to sell BTO at $5.00/share or less (with the dividend coming later this month, mind you). Then today gold is predictably right back up, and folks are clamoring to buy BTO at the same price it was at 2 days ago, or higher.  There is no way that this stock should ever see $5.00 again given the profit BTO is generating with the gold price in 1900+ range.  And yet if gold drops tomorrow, the stock will plummet again. Is there absolutely no forward thinking in the world of investing in gold producers??! I just don't get the rational here, if there is one.

[Goldenpou]

The rationale is as follows:  This is the Gen Z and millenial market, forget long term value , follow the volumes . They tell you how much the algos are active - when the volume is very high and the stock is down the algos are having a party shorting because of upcoming uncertain economic indicators ie CPI,when  the the volume is very low like today there are thus no algos so its not

[tootall123]

Read between the lines, keep the price down cause the big boys and girls are loading up on gold and silver stocks cuase the Central Banks are buying gold at a record pace....GOLD IS KING... https://www.usfunds.com/resource/central-banks-are-buying-gold-at-a-record-pace-so-far-in-2023/

[tootall123]

https://www.zerohedge.com/geopolitical/chinas-persistent-gold-accumulation-seven-month-surge-holdings