There could be at least several serious reasons including:
1/ major substantial holder selling relentlessly instead of looking for a replacement investor?
2/ stale L/T holders reaching the ripe old age and have another priority in life (or... after-life & their children flogging off to invest in trends?)
3/ MOST gold stocks' prices, including the best producers in OZ have dropped min 50% for no reason
(unless someone believes in smoke and mirror economy and statistics eg more $currency is created out of thin air...
less the real money GOLD is worth??? eg: only in the USA they created in the last 12 months approx. 40% of all dollars ever created since federation...
4/ Instant gratification dream culture created a lot more day and S/T traders than L/T investors and they are trading themselves out of business
It took over 10 years for NST and 17 years for DEG ...to become and an overnight sensations
5/ Our management is not worse than NST or DEG (I hold them I know!)
5/ herd mentality?
How do you stop herd mentality?
The following are ways to avoid having a mob mentality:
- Stop and think. It's easy to go through your day on autopilot and do things out of habit. ...
- Take time and do research before making a decision. Avoid copying other people and taking shortcuts. ...
- Be willing to stand out from the crowd.
