Just because the shares are not rising does not mean that they are not being accumulated.
If that was the case, then the shares should have been up when they were being accumulated (by who?).
First you get the sophisticated speculators and value investors accumulating.
Then the institutions, which we are seeing now in initial stages.
Then, and only then, we get the public. That is when market makers will allow wholesale price mark-ups and momentum to explode – encouraging the dumb money to buy in.
We are simply not there yet.
Should be soon though.
A move to $2700 gold $50 silver should wake them up to some degree.