RE: Gold over 200020 Mar 2023 10:01
My FIL lives in Surrey, stockbroker belt region, mixes with the affluent types on the golf course, typical retired boomer. We got talking over the weekend, a couple of ex brokers, got onto Russian stock, then Polymetal. 90% drop in a few weeks, due to Geopolitical etc etc..
There response was computer algorithm driven over compensating sale volume, allowing far too many little guys in. Until the balance redefines itself, you’ll see no big upside. They said the nominee accounts, what brokers still allow trading were probably stuffed with the stock, but over time small spikes and higher troughs; the weak retail will get shaken out and normal service will resume. The company will be fully aware of volume movements between holders/funds/institutions and will welcome the volume transition.
Not my words and I do not totally agree, but an opinion from a couple of old farts.