Loading ...The volume seems to be going into the ETF’s. GDX, GLD and SLV are around 2 x’s avg. volume. The individual issues, with a few exceptions, are all below average.
Not sure what that means other than nobody believes the move yet and it’s just some hedge funds wading into the pool.
If we could get a couple more days like this in the next week without getting crushed in between, maybe we’ll see some momentum players that have the FOMO.
GDX and GLD might be on their way to test the 200 dma, SLV still needs to get past the 50 day – about a buck higher.
At least they didn’t dump us into the close like they dumped the QQQ’s.
Hope for some continuation tomorrow.