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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets. -- Ignore unavailable to you. Want to Upgrade?

To: The1Stockman who wrote (1845)	6/19/2014 12:25:02 AM
From: Robov	Read Replies (1) \| Respond to of 1954

I find it amazing how everyone has an opinion one way or the other. His of course confirms what I have been saying regarding GDXJ and GDX for that matter. Both have put in record volume on this most recent move higher on a weekly and monthly basis. I do seem to recall reading an article some time ago that indicated that the miners often time will lead gold higher and they certainly have. Typically on a H & S pattern like this you'll often times get the breakout through the neckline on substantial volume and then get a correction and retest of the neckline as support before moving higher and the GDXJ is certainly close enough now. Both are within about a $1.50 of their necklines and certainly have to potential too at this point as the momentum is has definitely been up and we did a few days of correction and pause. Time will tell but I feel confident that the trend is changing and that we'll have higher prices before the end of the year, especially with the fall being a seasonally strong time for this market. On another note while the two minng vectors are experiencing record high volumes the broader markets are experiencing very low volumes, yet continue to make new highs. That generally would not happen under normal market conditions. I mentioned accumulation and someone said "not necesarrily". My response was that volume at the very least indicates that shares are exchanging hands as their is a buyer for every seller and given that most retail capitulated long ago that only leaves the .institutions IMO. Especuially whe they always buy at wholesale where retail ususlly sells.