Loading ...A lot depends on whether the machines are bullish on PM metals….I think they are, so u will see all dips being bought, they don’t seem that bullish on the shares….yet…..but hopefully soon will be. They are bearish the SM, hence the scum are having a v hard time.
The averages might be giving clues as, most metal Av’s are now bullish all Av’s are bullish in AU, in AG only some and not by much, the long term 80 month and 65 week are still bearish….200 day bullish but v close at 15.346.
Interestingly in Hui all are still bearish and it is banging its head on the 200 day Av for the last 9 days, no close above yet and last at @ 162.00….this might well be why the shares are lagging the metals…..so far….these prices might be bargains very soon.