Loading ...In the FWIW dept I noticed the volumes of most PM stocks where not that outstanding today in spite of a nice turn.
Couple examples of the ones I watch:
MUX Todays vol, 2,962,761 ( Daily Avg 22 Vol. 3,686,064)
GPL Todays vol, 1,748,444 (Daily Avg 22 Vol. 3,782,379)
CDE Todays vol. 2,121,453 ( Daily Avg 22 Vol. 3,880,976)
Not all that impressive volume wise but nice moves up today by most PM stocks. Its a start folks.
But I find the next set of numbers impressive and perhaps giving us a clue to future direction ??
JNUG Todays vol. 40,642,188 ( Daily Avg 22 Vol. 33,705,266 )
Seems to me someone thinks there is a rally in gold and silver, at least for the junior miners, on the horizon.
JNUG is an ETF and like all these paper created diversions they are sucking the air from the mining stocks. But it is what it is and I don’t have to like it, just make money from it. But today’s action is telling me some big players are expecting the past few days of good fortune to continue. We’ll see ?