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