Wednesday, the metals rose, and most of the miners did, as well. This evening, overseas, they’re doing even better! Things are beginning to look up! So, is there any volume coming in yet? Let’s take a look…
Let’s commence with gainers on light volume: SGDM, GLD, SLV, GDX, PVG, RGLD, CDE, SSRI.
And, on average volume: ABX, SILJ, FSM, SLW.
We’ve got decliners on light volume: PAAS, AG and HL.
Average volume was off by 26%. Conviction has still not come into this market, but if the overseas gains hold up, or do even better than they have by 10:23 pm EST, then, just maybe, tomorrow will see some real excitement build, resulting in higher volume buying coming in. Watch for it, this just might become tradable! Selling volume had been declining… and buying volume has been picking up… all of which is a plus!
Here’s to your accumulation of real wealth!
Harold F Crowell