{"id":1180597,"date":"2020-04-26T18:53:50","date_gmt":"2020-04-26T23:53:50","guid":{"rendered":"https:\/\/commonstockwarrants.com\/?p=680464"},"modified":"2020-04-26T18:53:50","modified_gmt":"2020-04-26T23:53:50","slug":"how-many-investors-own-gold-stocks","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1180597","title":{"rendered":"How Many Investors Own Gold Stocks?"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n

April 25, 2020
\nCollin Kettell
\nPalisades Goldcorp Ltd.
\ncollin@palisades.ca<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

Bull markets reach their peaks when there are no suckers left on the sidelines.<\/p>\n

A 1996 FORTUNE Magazine article titled\u00a0When the Shoeshine Boys Talk Stocks It was a Great Sell Signal in 1929\u00a0<\/em>tells the story of Joe Kennedy, a famous investor of his day. Joe Kennedy wrote of his experience leading up to the Great Depression \u2013<\/p>\n

\"\"<\/figure>\n

\u201cTaxi drivers told you what to buy. The shoeshine boy could give you a summary of the day\u2019s financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929.\u201d<\/em><\/p>\n

Taking this example into modern day\u2026 When your uber driver starts talking up Bitcoin, or your grandparents extoll the benefits of cannabis equities, your gut reaction to jump ship may be one worth noting.<\/p>\n

As I have written about in my latest articles, gold and gold stocks are emerging from a prolonged bear market. Already, the narrative is beginning to catch airwaves, with Bank of America recently calling for $3,000 gold.<\/p>\n

But how many investors are paying attention? How many people actually hold gold stocks in their portfolio?<\/p>\n

The answer is shockingly low and that is despite industry bellwethers\u00a0Barrick (NASDAQ:GOLD) and Newmont (NYSE:NEM) breaking out to multi-year highs!\u00a0<\/a><\/p>\n

Trading platform Robinhood offers investors a peek inside the portfolios of its 10-million users. The platform openly reports the number of accounts that own a particular equity.<\/p>\n

Let\u2019s take a look at the very top of the list as of April 23\u2013<\/p>\n

    \n
  1. Aurora Cannabis (NASDAQ:ACB) \u2013 950,649 users<\/li>\n
  2. Ford Motors (NYSE:F) \u2013 762,773 users<\/li>\n
  3. General Electric (NYSE:GE) \u2013 637,257<\/li>\n
  4. Disney (NYSE:DIS) \u2013 493,166<\/li>\n
  5. Go Pro (NASDAQ:GPRO) \u2013 431,120<\/li>\n<\/ol>\n

    It is shocking that after a 90% decline, Aurora Cannabis continues to be the most widely held equity \u2013 a bad sign for the cannabis space, as few suckers remain untapped.<\/p>\n

    \n
    \n
    \n