Either Gold Has to Come Down - Or Gold Miners Need to Come Up [View article]
Know how you can tell when the big boys are back in the game? Volume. Look at the average volumes from say a year ago vs. today, for a basket of mining stocks. In fact, divide that basket into bullion etfs, majors, juniors, and explorers. Now check out the volume trends. Simple answer is, when the big boys come to play, the volumes spike. Until then, the volumes are relatively low, and it is composed of the 3rd stringers, Independents, and Clueless tryin to predict the next earthquake. I consider myself to be one of the Clueless, working towards Independent status. Oh, and volumes are picking up, across the board in the mining and gold etf categories. I would not say it is another bubble/spike time, but things are going a heck of a lot more predictably than say 4 months ago.
-
Know how you can tell when the big boys are back in the game?
Jan 11 16:01 pm
|Rating:
+6
0
All Comments by Zooka »Either Gold Has to Come Down - Or Gold Miners Need to Come Up [View article]
Volume.
Look at the average volumes from say a year ago vs. today, for a basket of mining stocks. In fact, divide that basket into bullion etfs, majors, juniors, and explorers. Now check out the volume trends.
Simple answer is, when the big boys come to play, the volumes spike. Until then, the volumes are relatively low, and it is composed of the 3rd stringers, Independents, and Clueless tryin to predict the next earthquake. I consider myself to be one of the Clueless, working towards Independent status.
Oh, and volumes are picking up, across the board in the mining and gold etf categories. I would not say it is another bubble/spike time, but things are going a heck of a lot more predictably than say 4 months ago.