Can you believe it? Metals and miners had a really good day, today. But, since I’ve not seen volume since the 12/15 low, I’m going to go with the opinion that today didn’t make a difference either. Let’s see if the charts prove me wrong.
So, gainers on light volume today were: PVG, CDE, PAAS, SGDM, AG, FSM, HL, SLW, SSRI, SLV and GLD.
But those that rose on big volume were: SILJ.
And, we’ve got gainers on average volume, as with: ABX, GDX, RGLD.
The average volume for all 15 was only off the 50-day average volume figure by 10%, so it wasn’t as light as I had thought it would be. There’s no fire under it. If it keeps up, it’s going to earn the name of being a Stealth Rally, going up while not on anybody’s radar!
Here’s to your accumulation of real wealth!
Harold F Crowell