anemic volume in the shares and also GLD and SLV. This smells like a raid to shake out weak hands before a decent move. Who knows? It could all just collapse again like it always has. Regardless, this is a pretty ridiculous, outsized hit on the shares vs. what’s happening to the metals. Gold is down a whopping $2.
I think HUI 225 needs to hold, but whether it will is anyone’s guess. There always seems to be an endless line of sellers in these shares and the algo’s literally sell 10 shares at a time to move them down.