| | | Gold closed above $5,000 for the first time in its history, I read that the surge is attributed to geopolitical uncertainties and increased demand for safe-haven assets.
Gold had a high of $5,107 and silver made a new high at $117.70. After a great start for the miners this morning, most all of them moved back to there opening price in the (Day-Range) column.
Below is my watch list at the close, followed by a few MUX chart.
Like all of the miners, MUX had a huge gap to the upside before closing the gap near the end of trading, as did many of the miners.
MUX traded 817.000 shares in the first hour, nearly 1/3 of its daily shares before giving it back through out the remainder of the day, while closing the gap with a small daily gain.
MUX could have 3 back to back weeks of solid upside with increased weekly volume if we can stay green till Friday's close. The weekly chart is looking good!
MUX is now up against a small but meaningful 3 month celling to close above before the end of this week. The highest close inside the black circle is $26.30 (1st green bar), lets hope it can close above it before the end of the month.
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