Some are selling locking in their bountiful gains, and new shareholders are buying at these prices hoping next year will bring alot of more gains! lockdown, sounds like a mexican standoff too me , especially with Fido there watching for peanut butter and jelly with bananna sandwiches! LOL>
https://www.streetwisereports.com/pub/co/6397#quote
https://www.streetwisereports.com/article/2019/11/25/lockdown.html
The one word that comes to mind is, once again, "lockdown," as it matters not the content of the headline event, with stock markets being at all-time highs; with gold and silver short positions now comfortably profitable coming off the early September highs; with year-end bonuses for the bullion bank traders firmly in the crosshairs. As we all have seen before, there is nothing more compelling than a seven-figure bonus at Hanukkah (or Christmas). Markets are in full lockdown and I find it hilarious to listen to CNBC as all of their "guest commentators" explain with great seriousness their "outlooks" and all of the minutia needed to explain why investors are choosing to ignore $80–100 billion a day (!) of REPO actions absolutely engorging the member banks with cash all for reasons about which we are supposed to "not worry."
From the shape of the junior mining portion of the portfolio, had we not taken Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) (CA$6.20) from $2.33 in January to $9.02 in September, and if we had not jumped on the Aftermath in July, there would now be bleeding eye sockets going into year-end, because the other names (Western Uranium and Stakeholder Gold) are either flat or lower for the year. As for the GGMA portfolio, it still remains ahead over 160% year to date (YTD), but will be pruned by mid-December to prepare for 2020.
Think of my trusty Fido the First and his classic lockdown move. Everything is in lockdown mode as portfolio managers strive to maintain their YTD profits. Mind you, it seems that everyone I talk to is mindful of this unearthly calm that has descended upon markets, so under the theory that markets do their utmost to hurt the majority of participants and reward the fewest possible, if there is a Black Swan event going into 2020, it will be a downside shock for stocks and a very pleasant upside surprise for the metals, where sentiment has once again shifted to despair.