The metals hardly moved. They declined just a bit, but the miners were hit considerably harder. Perhaps, the charts may have something more to say.

Let’s begin by listing those that lost some value today, but on light volume… as with: PAAS, GLD, SILJ, SLV, CDE, GDX.

These did so on big volume, however: HL, SGDM.

While these declined on average volume: PVG, AG, RGLD, ABX, FSM, SGDJ, SSRI.

And, one gainer on light volume: SLW.

The overall average volume for all 16 was off by 30%, so despite the fact that nearly everything fell, and the losses looked to have been a bit on the steep side… the conviction that goes with big volume moves just was not there… no worries. Not today anyway!

Here’s to your accumulation of real wealth!
Harold F Crowell


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