ROGLMAO Booster clubs ...... there are a handful of regular...

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readyaimfire

11,391 Posts.

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27/02/21

09:01

Post #: 51382187
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Originally posted by Arh0070 ↑

The POG is down almost 50$ an ounce today in New York with corresponding decline in gold shares pretty much across the board .DEG now is even more overvalued and will clearly drop on Monday open .In my opinion the booster club is much more dangerous ,they all sing the same song ,buy buy buy and suck inexperienced investors into buying DEG or whatever.Reserves in the ground no matter how large are being devalued by the decline in gold .This is all related to a massive rise in long term interest rates which the federal reserve cannot control.This will make it more expensive to own gold,stocks and other assets .Margins for producing gold are often relatively small especially when the gold is locked up and difficult to extract rather than free gold such as you see being mined on gold rush and nuggets being found on the Aussie version.
In my long experience stocks which have extremely active booster clubs all end up badly for small investors ,seen it multiple times .DEG will be no exception.
In some cases booster clubs contain members who are honest and just private investors trying to increase the value of their holdings ,in some cases however there are clearly compensated boosters such as brokers ,research outfits etc all of whom have a vested interest in pushing up the price of these speculative mining stocks .

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ROGLMAO

Booster clubs ...... there are a handful of regular posters of which you are one. Given the shorters on this stock it makes the odds that many of the regulars are actually paid down boosters extremely high.

experience tells me markets move up and down.
gold wax always going back to pre covid prices

DEG Price at posting: 92.5¢ Sentiment: None Disclosure: Held
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