To all my readers, I want to wish you all a very Merry Christmas!
Gold had a decent day, and is doing better overseas this evening. Silver… not so much, but it’s not bad either. All, but 1, of the miners rose on the day. Let’s see what they’re looking like in their charts.
Gold rose on light volume, as seen in the ETF, GLD. Other gainers on light volume include the following: RGLD, ABX, PAAS, GDX, CDE, SILJ, HL, PVG, FSM, SSRI, SLW,
These rose, however, on average volume: SGDM.
Silver declined on light volume, in its ETF, SLV. Our one falling miner, AG, did the same.
Overall volume was off by 31%, which probably stands to reason, as everyone no doubt wanted to be done early and go home for the Christmas holiday. It’s attempting to base again, and the question is, of course, will this be the final base, that becomes the bottom? We don’t have any clue or sign yet, so, we’ll just keep watching and waiting, and wait for the cue to get back aboard.
Here’s to your accumulation of real wealth!
Harold F Crowell