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Trade gone through £2m
Maybe that’s been holding us back ….. sell maybe but if so someone must have wanted them…. Who knows??
Maybe, but given the trade is exactly £2m rather than a round figure of shares suggests a buy.
Either way it’d explain the tight trading range for the last few sessions…
Hopefully the feckers will let it move up now!!
In more than 10 years invested here I don’t recall such a large volume trade. Somebody must know something. Question is, good or bad?
I was just about to post the same thing after a quick calculation. £2 is a rounded figure so it could just as easily be a sell (and the trade price suggests it could well be).
BNC/Pinot ...you sold out lol!!:):)
Hopefully that's the back of Blackrock. They had about 60m shares about a month ago so thought they'd be done around end of March. Perhaps they finally did the right thing and found a block buyer for the stock rather than selling destructively into a weaker market. The way the markets are right now, wouldn't surprise me if Blackrock need every penny as many funds, hedges and traders feel the pinch on the banking nerves. They said 2008 could never happen again due to regs etc etc. Mmm.... leopards don't change their spots. Once a casino always a casino. Let's hope that everyone doesn't realise the truth about the Fed Reserve as it's a case of emperors clothes. Transitory inflation?? Erm... no! Printing trillions of dollars... and hoping the market doesn't notice! They've created this mess... no one else... Powell hasn't got a clue and when the market decides on that... mmm... PoG to 10k?? SOLG should find the chinese more than welcoming as the Fed has made sure GOLD has been suppressed... another little chicken to come home to roost there too.
Highest POG today seems to have been $1937 before sliding back a little. Bodes well for any Gold Miner perhaps eyeing our 26MOz proven reserve below Cascabel.
Unless/until trades are honestly reported as exactly what they are - either buys or sells - imv this farcical /potentially deceptional situation will linger. Why can the market not be honest & straight? What is a real argument against honest reporting of trades?
I’m not naive but I do think we need an honest overhaul of regulations - and soon!
Just my opinions :)
"The way the markets are right now, wouldn't surprise me if Blackrock need every penny as many funds, hedges and traders feel the pinch on the banking nerves."
What does this actually mean? I've read it a few times and still can't work it out. Blackrock made over $5bn last year. I think they are a far cry away from needing every penny. The ~£10m they've got/have in SOLG is insignificant.
I would be interested to know the rationale behind them unwinding their position here though.
Eish,don't be giving our secrets away !!,don't forget the silver lining aswell :):)
In sterling terms gold price has hit record high today
It seems reasonable to assume it was a sale, but we have no evidence to support the view it was BR. Mind you, I've regarded them as flakey holders for some time, so their disappearance would be no bad thing, although having been holders for such a long time it seems odd timing.
Who bought the 9.4 million block I wonder?
Add - but WHY does the market have to be so apparently / skewed - or even corrupt? Why are we left guessing whether a trade is a buy or sell? It really shouldn’t be like this.
I read your earlier posts about the 2 historic rampers you’ve previously come across who had the ability to seemingly deceive the bulletin board ! Very interesting and it concurs with my own experiences of how rampant and very convincing posters can influence.
Rednight and his wife bought them of course :)
covgaz - when SOLG comes good in 15 years’ time lol, you and I must share a pint, because I reckon we share similar humour and we’ll need that bloxdy pint !
Sector M&A coming -
https://www.kitco.com/news/2023-03-15/-Consolidation-has-to-happen-Integra-Resources-George-Salamis-on-M-A.html
Rich, I agree. I remember when the market was liberalized in the '80s the old guard wanted to cling to as much opacity as possible. They hated any attempts to level the playing field between professional and private investors and the truth is they were successful. This attitude still pertains with the conivance of the authorities.
Thanks Rich. It would be a pleasure to meet anyone from this BB , hopefully the 15 years you mention is tongue in cheek! Cheltenham is soooo good this year , takes your mind off this dross for a week.
I’d like to know why Blackrock selling too SharketMare. Makes no sense to me why they would hold for all these years, then sell out whilst we languish back at these levels.
I’m sure I read that they are a holder of Jiangxi stock and I’m pretty sure they own a chunk of BHP, could their selling be some sort of conflict of interest ?
Anyway fingers crossed we don’t have too much longer to wait out for some kind of positive direction following the year of drift we’ve had and roll on the end of this whole sorry saga
Rich, every trade is a buy and a sell. The seller sells the shares and the buyer buys them. If you wanted to buy more shares, someone has to sell them to you. If you want to sell some shares, someone has to buy them off you.
You can't say that any trade is a buy or a sell because it's both. That's why they are just reported as a trade.
SM, agreed. At the end of 2022 BlackRock had over $8 trillion in AUM... And inflows of over $100bn in Q4 alone.
I don't know why people get so het up about them. As I posted just before Christmas they've voted in favour of nearly all resolutions at the last few AGMs. They even voted in favour of Nick Mather's re-election when the majors were voting him down and causing him to quit as CEO.
This every seller has a buyer? Correct me if I'm wrong , but doesn't the market maker "buy" the stock? Isn't that their job , to make the market work? If they didn't buy the stock and keep it on their own book , there would be no market.