Loading ...$Silver monthly log chart
This volume to price idea has been bothering me for awhile now. In truth, it was Radomski from Sunshine Profits who inadvertently brought it to my attention. Notice how the volume always rises leading up to market tops? $Gold does the same. Anyway, notice the high volume from August last year, rivaled only by the 2011 blow off top, and the high volume again in January this year. Also of note, high volume failed to produce a significant high in January (or was it February)
Fair question – is all that volume an indication of smart money piling in, or is it speculation fever?
The waiting game…
cannot see it being speculators as they always play the end top, maybe us diehards so exhausted that cannot see the light and new new money sneaky., looking yrs back maybe that volume seemed high for the day, indeed odd with price stagnant but volume. Obvious that monetary pressures now than before so methink smart money accumulating and smart money knows patience. Russia,china,iran,india all trading oil etc. for gold, such a huge population compared to usa and open to trade via gold, maybe it is Chinese population slowly buying it all up as bitcoin and alternatives seized. Flatlined with increasing volumes gotta be in book study somewhere…
Interesting that volume in the metals is up, but volume in the mining stocks is down. ???
Metals volumes = futures = leveraged bets – banks, hedge funds and such = paper volumes
Mining stocks = ETF funds and such, gold bugs, but no leveraged paper as far as I know