Loading ...Quite the contrast between what we’re seeing and what the QQQ’s have done today. They have tripled since the first hour, we have gone nowhere.
There’s no volume in the shares to sustain or better yet increase the gains. Some of the silver shares have performed well, but even those don’t have average volume. NEM volume is anemic. $4100 was sold immediately. The 50 day on GDX has been defended and capped.
I think today we’re just fortunate the SM is ripping, otherwise we’d have nothing. They may have succeeded in driving out all potential investors other than shorts. Unfortunately, we’re probably going to give the last couple of days gains back in the next few days.