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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.

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To: Robov who wrote (1853)6/19/2014 10:08:41 AM
From: The1Stockman  Read Replies (1) of 1954
 
Your Welcome and well deserved.

I would not be a buyer of any of the miners at this point, too much is been left behind, hardly any of them have had any back-fill.

I can except a pivot or two even a slight breakaway gap on the daily chart, but typically, ... this types of upward action almost always comes back at some point.

Maybe I've gotten a bit to bearish at my old age, but experience is telling me otherwise.

Golds volume lacks luster, maybe I'm putting too much emphasis on Physical and not enough on the Miners, I guess time will tell.

Golds volume below is not convincing me that everything is in order, but I do like the way its penetrated the upper short term trend line this morning, perhaps volume will begin to increase now.

The difference between its January through March volume and this recent volume is quite telling, around double.

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