Thanks Syder, I'll take a look and post a few charts later on. I also see MUX lagging.
MUX has been and still is doing well, I think money is betting on its future potential more than it is on its quarterly statements and company news going forward at this time, (...buy low, hang on, sell high.)
I think what we have been seeing lately are players/traders moving out of this stock and into other stocks that might offer quicker returns, and I think they will be back at some point, ...some stocks from my list that have moved up sharply are ...Hecla, HL, ...Iamgold, IAG ...and just recently, ...Endeavour, EXK.
You are correct on the volume decrease, MUX is now trading less than half of what it was soon after the gap from Sep 2nd and lately, ...about a third or less. One good thing, its held up nicely above its 20/50-day ema's and also its 61.8% Fibonacci retracement level (so far), and it is forming another floor in this area, which could continue into the end of the year before profit taking takes hold at years end, as it does every year.
With the exception of a few miners on my list, many are showing less than average volume as well, I think its par for this time of year, the big money runs off to play for the holidays while the little guys hold up the fort. I don't expect much to occur once we fall in between the last two holidays of the year.
Here is today's volume from my watch list with an hour and a half left, its rather bleak, and yes, today in particular is a bit lower then in recent past but its not far off and we also have to consider we are putting MUX up against some very large billion dollar market cap miners. The volume comparison's are in the chart below on a 3 month time frame.
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