Metals closed ever so slightly higher, and the miners were mostly off a smidge. I’m betting there was no volume to speak of.
I’ll start with any gainers, especially those on light volume: GLD, PVG, SGDJ, SLV and FSM.
Then, there are those decliners on light volume: HL, GDX, PAAS, SGDM, SLW, RGLD, SILJ, ABX, SSRI, CDE and AG.
Was volume light? O, yea! How light? The average volume was 54% off. That’s less than half the usual. It was a dead day for the miners! This is still a bullish development. The chart patterns are saying that this is still a Bull Market.
The timer has already signaled, and the indicators are trying to lift-off, even as the metals and miners are most anemically trying, too. We just need a catalyst to give this thing a kick in the pants to get going.
Here’s to your accumulation of real wealth!
Harold F Crowell