We look to be up one day, and down the next. Last I looked, it was a base on base. Did Wednesday only undo Tuesday? I don’t know for sure, but the charts never lie. I wonder if volume rose any?
Well, those that fell on light volume today were: GLD, SLV, SGDJ, HL, PVG, RGLD, SLW, ABX, SGDM, FSM, SILJ, PAAS, SSRI, CDE and AG.
These fell on average volume: GDX.
Nailed it! Volume was 20% off of the 50-day average, and the pattern is still a base on base. The first base was 2 weeks long, and this second base is now 6 trading days long. It’s still bullish… just boring!
Here’s to your accumulation of real wealth!
Harold F Crowell