Post by
Goldenpou on Dec 06, 2023 7:55pm
Truth no 32 - why gold stocks are so undervalued
1) Marketing
Often the biggest budget item.
Gold stocks compete for funds in a market seemingly saturated with big returns on a percentage basis. Those latter stocks win in a marketing war for funds when gold stocks can hardly explain the lousy returns.Imagine a casino where the most popular machines advertize big jackpots (like tech stocks) when your 3 old machines (like gold stocks) are in a corner with no fancy payouts and no bells ringng, no one playing.
2)Algos
They look at history, mostly short temr, weeks and months.I rest my case.
Almost 90 percent of trade $ wise are algos.
3) Generation gap - bitcoin
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Comment by
Macpoor on Dec 07, 2023 6:04am
I go with your number 3 the most. I also belive in I AM FROM SHOW ME STATE. Investors once they see the true color of gold shinning then they jump on bandwagon . Unless the price of gold does not move drastically , yet not many new generation get into gold. Long Mr Barrick