Gold was up… a bit. Silver was up… a bit, too. Neither were up a lot, but it resulted in nearly all our miners rising. There was a lot of green in the trading account. If I had to guess concerning the volume, I’d say it was probably on the light side again. It’s still summer, after all. So, let’s go to the charts!
I’ve 18 symbols in the watchlist, and I own 16 of them. I include the symbols for the ETFs for silver, SLV, and gold, GLD, for analysis purposes.
Well, I’ve got gainers that rose on average volume in: MUX, SSRI, SGDM and RIC.
But, also those that gained on light volume with: CDE, FSM, HL, PVG, DRD, SLW, PAAS, RGLD, ASM, ABX, GDX, SLV and GLD.
One loser on light volume: AG.
The average volume for all 18 was as I had suspected… off by 25% from the average. There is still, for all intents or purposes, nothing going on at this time. The Bull Market is solidly intact, and because it is in a technically consolidative mode, we can expect that the next big move, barring any unforeseen circumstances, will likely be to the upside.
We even a new price highs in: MUX, FSM and PAAS!
Here’s to your accumulation of real wealth!
Harold F Crowell