Friday. I find it most interesting that the metals did not have a particularly fine day… but, that the miners did! Yea, the metals rose today, but not by any tremendous amount, yet, the mining stocks had a great outing! What’s with that? I’m not sure, but I’ve been saying that the signs have been bullish, so let’s see what the charts have to say…
So, let’s go to gainers, (they were all gainers), but the ones on average volume, like: PAAS, PVG, RGLD, ABX, SGDM, FSM, CDE, GDX, SGDJ, SSRI, SLW.
Others did well also, but on big volume, like: HL, AG.
Some only rose on light volume, like: SILJ, GLD, SLV.
Volume was truly… average!
It’s looking good… the metals had a totally mediocre day, yet the miners rose rather well, even if only on average volume. Things are looking healthy, while awaiting a catalyst to take off!
Here’s to your accumulation of real wealth!
Harold F Crowell