The metals had a good day today. And, they’re up even a bit more overseas tonite, too! The miners, for the most part, did well also, but not so well as to make up for all their losses from Tuesday. We go to the charts, to see what they might share with us.
We’re looking at gainers on light volume in: PAAS, SILJ, GLD, CDE, SGDJ, GDX.
These rose on average volume: HL, SLV, AG, ABX, SGDM, SSRI and SLW.
Some declined, as did AG on about average volume. RGLD did as well. Ditto for FSM.
The average volume for all was off by 16%. So, it wasn’t any great day today, but support going back to Monday, Nov.14 is well in place, and the miners are looking far better than the chart for gold itself. It’s a waiting game, but worth it. The metals are going to shine again. We’ll catch them when they do.
Here’s to your accumulation of real wealth!
Harold F Crowell