As we near the end of 2020, here is a look at battered gold stock bull syndrome, plus stock market investors have never been so hungry to lose money.
Battered Gold Stock Bull Syndrome
December 14 (King World News) – Lawrence Lepard: At November 30 gold was up 16% YTD in spite of the largest money printing bonanza in the history of mankind. This will change. The mining stocks are still silly cheap compared to the metal and reflect backward looking sentiment and “battered gold stock bull syndrome.”…
Billionaire and mining legend Ross Beaty, Chairman of Pan American Silver, just spoke about what he expects to see in the gold and silver markets and also shared one of his top stock picks in the mining sector CLICK HERE OR ON THE IMAGE BELOW TO HEAR BEATY’S INTERVIEW.
Investors have never been so hungry to lose money
Jason Goepfert at SentimenTrader: Never before have investors been so eager to give so much to such unproven companies. We’re seeing the biggest ratio of money-losing to money-making IPOs, and the youngest companies able to issue new shares in 35 years.
Using Bloomberg data going back to the early 1990s, let’s look at the total number of U.S. listed initial public offerings that showed a negative net income at the time of the offering. If they didn’t report financials at the time, then we ignored the listing.
Over the past year, there have been 88 IPOs that showed a negative number on the net income line. That exceeds all other rolling one-year periods except for 2000.
But that year also had quite a few IPOs that were actually making money at the time. If we look at a ratio of money-losing to money-making companies that issued shares, the current environment stands out.
Alasdair Macleod has been giving really incredible interviews each week in the KWN Wrap CLICK HERE OR ON THE IMAGE BELOW TO LISTEN.
And Gerald Celente talks about the top trends for 2021 in his audio interview CLICK HERE OR ON THE IMAGE BELOW TO LISTEN.
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