This doesn’t bode well
Not gold related, but general stock market…
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(Bloomberg) — The surge in two freshly minted stocks on Thursday triggered trading halts amid a frenzied rush into initial public offerings.
Scopus Biopharma Inc., a cancer-therapy developer, soared as much as 708%, following a 7.6% jump in its Wednesday debut. Meanwhile, medical-technology company Vivos Therapeutics Inc. trimmed its advance to 28% when trading resumed, after almost doubling earlier in the day.
Not since the height of the dot-com bubble two decades ago have public listings done more to enrich owners amid unprecedented Federal Reserve stimulus and the resurgence of individual investors as the biggest market force.
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This kind of bullishness cant go on forever..