You cannot ignore this. If you have an interest in making money in these markets, it’s likely an opportunity to get on board. But, first, what do the charts say? Nearly all are up, and the gains are okay… but, if I understand correctly, and I do not know this… it may be that the better part of the movement in the metals prices took place after the stock market closed? I need to look into this!
In any case, a quick run thru the charts says they lifted on only 4% better than average volume, and the average increase among the 16 symbols was .52%. But, like I said, I saw a big bump in the metals prices, and I saw that some of my miners had a Bid after the close that was higher than the last trade, which tells me that something likely happened after the market’s close, as the Bid after the close is almost always considerably lower than the price of the Last Trade.
So, look for news. I suspect there is some, and if whatever is happening has not much abated, we may have the catalyst for a real rally move in the metals and the miners.
I’ll get back to this and look deeper, but I must be out this evening for awhile.