20 Pages of Large Institutional Buys!
by: BensonInvestor (M/Atlanta, GA) 05/20/02 05:37 pm
Msg: 12910 of 12934

I've been ranting about the increase in institutional holdings in the gold stocks. The numbers for quarter ending 3/31 have been reported very slowly (I wonder why?).

Now I see many more institutions have reported for 3/31. THE NUMBERS ARE AWESOME! American Express increased their holdings in NEM by over 1,000% (one thousand percent!). Franklin increased by over 270%. This figure is number of shares owned. And I really don't think this is for their gold funds, the website seems to indicate that this is for their institutional portfolios.

The institutions are increasing their holdings (num. of shares) by 80%, 100%, 300% or more! Go to the Nasdaq website and get a quote on NEM, or GFI, or the other gold miners. Click on InfoQuotes, then click on Holdings/Insiders. For Newmont (NEM), 10 times as many shares were bought as sold. THERE ARE 20 PAGES OF LARGE INSTITUTIONAL BUYS.

The Nasdaq website also reveals that several PENSION funds have also been scooping up gold shares. The Public Employee Retirement System of Ohio increased their NEM position by 65% last quarter - they now hold $20 million worth. And the Pennsylvania Public School Retirement System increased their NEM position by 58% last quarter. NEM is the world's largest gold mining company.

Attention all Gold Stocks Longs: Please join me in directing newcomers to these screens. I believe this data has supreme significance to anyone thinking of buying in. I'm not suggesting that you copy and paste this post, just mention this fact when you exchange posts with newcomers. If you want to paste, I would love it if you pasted this message on other (non-gold) stock boards. Thanks

<ul> ~ aus dem Couer-Yahoo-Board</ul>
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Ich habe mir mal die Nasdaq-Seiten angeguckt - schaut schon beeindruckend aus - v.a. die Menge der Holders. Das sind mehr als bei Amazon oder Apple Computer. Ist das nun gut oder schlecht?

Toby

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Ich hab mal auf den Websites geguckt. Da wurden also (wenn mein Excel richtig gerechnet hat) von rund 300.000.000 Shares im 1. Quartal 80.000.000 von den großen Institutionellen neu dazu gekauft - mehr als 400 große Insitute haben das gute Stück - bei Amazon oder Apple waren es weitaus weniger.

Wie soll ich das deuten?

Toby

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