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GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.


ARCA:BAR - Post by User

Comment by alleyesonmeon Mar 19, 2021 10:03am
95 Views
Post# 32837029

RE:RE:RE:RE:RE:RE:Now..is the time to buy....

RE:RE:RE:RE:RE:RE:Now..is the time to buy....Yeah... Low volume recently. I believe the weakness has been caused by short sellers. Period between Feb.28th and March 15th short sellers sold 175000 shares. First short report of 2021 was 32000, most recent total 725000. The big dip we saw the other week most likely was a short sale. The increase will be that much more dramatic once they cover. Imagine putting in a bid for 175000 at 2.65. It would take weeks to fill if it all. Usa feds have said they will be keeping benchmark interest rates at record lows for the foreseeable future. (2023 minimum). Id be interested to hear a shorters prospective, because I can't think of any reason to justify a short position. It's probably just retail investors looking at the chart and making a gamble. Oh well they will loose big while providing rocket boosters to shareprice in the future.
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