I’m not sure the real rally has even started yet. I look at NEM and it won’t even do average volume today. Some of these shares are up on heavier volume but it seems to be some of the smaller or mid cap silvers. AG, HL even GROY is up 12% on heavy volume. You know things are perking up when GROY is catching a bid. SLV has good volume, but GLD won’t even do average.
It just doesn’t seem to me that there’s a rush going on to get into the sector. Maybe because the SM is still doing well? Regardless, if we’re doing this well with such little interest, how much better will we do when US investors finally wake up?
Dollar coming back slightly, so they are chipping away at the metals this last hour.
Bitcoin up 3%. Seems as long as tech holds up Bitcoin is in play.