If the metals go up, and the miners go down… don’t worry; the miners will go up. Today they did.
The metals rose some today, and the miners had a very fine day. I’m going to suggest that volume rose today, even if it didn’t attain unto the 50-day average volume. Let’s see just what did happen…
Let’s note gainers on light volume, as with: GLD, SLV, HL, GDX, PVG, SGDJ, ABX, RGLD, SGDM, SLW, SILJ, FSM, SSRI, CDE and AG.
This rose on average volume: PAAS.
So price movement was all positive, but volume wasn’t great. Average volume was 24% below the 50-day average on all of them. That makes for another very quiet day within the basing pattern… again.
It’s all looking good… it’s still a bull market. We’re still in a correction, which has now become a consolidation.
Here’s to your accumulation of real wealth!
Harold F Crowell