RE: What is really going on.25 Mar 2021 11:41
Your trouble is not knowing that most of the institutions buying are trackers and not managed funds so they buy when told sell when told. Not going to run out and buy loads if it drops as that would skew the index away from what the index actually is. They're not going to realise a loss or gain on it anyway as it will sit in an index for life so short term what do they care if it is down or up - plus there are many gold companies down across the world. not like they'd look and pick GGP out of all of them to top up. They are raking in fees and their parent company are taking a huge chunk of the dividends of any tracker. The fact is looking back the worst thing possible was for GGP to enter all these trackers as we're going to get fun like this every three months and gain little from it.
Now as to believing prices and hype on BB and believing what people are saying and cannot judge what they are doing that is just foolish. If you listen to some random person on a BB about pie in the sky price targets then lose out because of it then you're just stupid. Just remember a lot of people who post also talk of stories of losing 60, 70% in shares... For all you know they might be selling as you're buying. Also if you listen to someone about conspiracy theories and ignore the wider picture on aim since january (esp small gold stocks), the bigger gold miners being down, etc. then you're also silly and it will affect your ability to make independent decisions which are best for you.
I'll just leave with some words of wisdom someone once said: You're not right because a price went up and you're not wrong because a price has gone down. Judge everything and then make your own decision when to buy or sell or do nothing.
Sign In
Follow the stocks
