I was out this evening. I’m back home now. The metals were quiet, with gold up a bit, but silver down… however, all the miners rose, so we still have this quiet ‘hopeful’ rally going on in anticipation of a real lift-off, I guess. And, volume? Well, I’d expect it to be off still, too. Time to check those charts.
They’re all gainers, so the first list will be those on light volume, as with: GLD, SGDJ, SGDM, SLW, HL, PAAS, SILJ, ABX, CDE and AG.
Others rose on average volume, like: GDX, PVG, RGLD, FSM and SSRI.
SLV was off a bit, but no miners were, and it declined on low volume, so no fear.
Average volume for all 16 was off by the same amount as yesterday, 15%. This bull is still intact, and it’s basing. Depending on the chart, it’s been 6 days, or 8 days. Let it do so for as long as it will. The longer the better! If it could be at least 2 weeks, that would be very nice. You could buy here, if you wanted… or, wait ’til it launches.
Here’s to your accumulation of real wealth!
Harold F Crowell