Post by
oilisswell on Nov 30, 2021 4:24pm
3.26 close!
What a day to end the month. GGD drops almost 11% on the day, while metals barely down. Guess a lot of liquidation to pay for margin calls? It will be interesting to see how quickly the SP recovers. I believe a lot of daytraders bailed, and a lot of investors bought in. It is the nature of the market to follow the herd mentality, allowing investors/institutions to pull the SP down in order to accumulate shares at a discount pressuring the sellers. Afterall, the stock market is gambling, and can be manipulated, legally!
Without the large cross near the end of trading there were ~3.5 million shares traded overall. With the cross closer to 11 million. Nothing else I own or follow fell as much. Even though crude was down far more, oil companies were less affected compared to GGD.
December generally is a positive month, winning more than losing. Here's hoping we are up from here. Bring on the news, keep bringing inflation, keep printing money, and let the metals rise. GLTA
Comment by
PaulHenderson75 on Dec 01, 2021 1:27pm
Not much of a bounce today, although Silver is down and GGD is up. I expected a 10-15¢ bounce back