Loading ...interesting take on AG’s volume today. I would have thought the volume would have been a lot heavier on this kind of move down, same with EXK as well. That might be a good catch on your part.
The fact that they are taking all the silvers to the woodshed and not just those two stocks seems fishy doesn’t it?
NEM is a stud today. KGC and AGI as well. I love how NEM is leading and throwing off the gold price.
I also like how we’re seeing some short covering in the metals here in the last hour. We’ve seen much worse action in the sector on a day when the SM is tumbling. The volume in SLV and GLD is below average, nobody is running for the exits, and surprisingly we haven’t given up all of yesterdays’ gains today, which is the norm.
The gold shares especially give me hope for higher metal prices. They don’t HAVE to go down during a big SM correction every time, especially since they’ve underperformed the SM for the last decade. Our biggest problem today is the dollar.
We’ll see what phony numbers and revisions come out of the Jobs Report tomorrow.