Early in the day, the metals and miners were taking quite a drubbin’. But, as I look in on everything after the close, it’s not as bad as it had been. Volume may have been higher for how much they’d sold off, and had then come back. Let’s see.

Most declined, and these did so on light volume: PVG, PAAS, SLW, GDX, RGLD, HL, SSRI, SLV and GLD.

Others fell on average volume: SILJ, ABX, CDE, AG.

SGDM came down on huge volume.

Since FSM got clobbered yesterday, it rose today on light volume.

So, I was all wet again. Volume was off 19% from the 50-day average. Most closed near, or at, their day’s high. None of this was on any meaningful volume, which means… it’s all rather meaningless still. There’s nothing to see here, folks… move along; move along!

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s