Well, we all know what happened. The Brits got out of the EU, and gold was a huge beneficiary by some $59.30. Silver gained $.48. I saw a lot of green in my trading account, and I would be shocked if volume wasn’t high. So, let’s go straight to the charts.
Those that rose, and the volume was big: SSRI, MUX, AKG, PVG, CDE, AG, FSM, ABX, IAG, RIC, RGLD, GDX, HL, PAAS, SGDM, SLW, AUY, SLV and GLD.
Now, GLD closed at a new high, and SLV is close to its previous high of 4/29. We do have new highs with SSRI, MUX, AKG, PVG, CDE, AG, IAG, RGLD, GDX, HL, SGDM,
But not yet with: FSM, ABX, RIC, PAAS, SLW, AUY or SLV.
Volume was 71% greater than average. We had a good price move of greater than 4.24% for an average among our stocks. We’re doing well. Is this the kick-off of another leg up? I don’t know. It was a bit surprising how much was given back during the day, and how far off the intra-day highs these all closed. That may weigh on them going forward, we’ll just have to wait and see next week.
I’ll try to write over the weekend, deciding if any should be sold, as underperforming, or not.
Well, hey folks… I just looked in on gold as of 9:36 pm EST, and it was UP another $14.60!!!
And, as of 6:32 am EST, gold’s still up by $12.20.
Here’s to your accumulation of real wealth!
Harold F Crowell