Loading ...PM Bull Market…. Look at the volume spikes on individual stocks during this “correction” and you will see where the PMs are going.
I guess this is a case of follow the money. Every bull market I’ve seen has started with these clustered green spikes. Here is one example. Also notice the striking accumulation.
I agree North … it is beginning to appear institutional level investors are beginning to rotate assets out of 10-year overbought stock market positions (at least in the U.S., maybe not Asian markets) and are making purchases in this sector … the dollar had its run for a while … something feels different this time … slow and steady uptrends beginning in gold/silver, the royalties leading the way … gold stocks beginning to lead gold … silver stocks beginning to lead silver … I think we will know a lot about what to make of us before Summer begins.
Thanks, Afasilver. I am very interested in seeing what will take place for the rest of March and April. I do sense, as you do, a rotation out of the regular SM and fund buying. Silver now seems to be leading GOLD. Silver stocks are doing nicely.
I very much like the way the bull move is unfolding – two steps forward, one step back, building a solid footing and then moving on.
It does seem institutional buying is underway. Meanwhile Joe public is comfortably asleep.
We’re not out of the woods yet though, until gold clears $1400. The metals need this consolidation to build a launch pad for the final push.
Good Eye North
You make a good point. The signs are positive.