market comment

Friday means nothing. Nevertheless, SIL and GDXJ have both broken above their EMA(8)s.

I haven't seen anything in the charts of the past few months that says these two have done a false breakout from an apparent bottom recently. So maybe this is the end of the downward trend?

BTW, I read yesterday or the day before that GDXJ actually pays a 5% dividend. Wonder which components are contributing to that?

Anyway... today I'm watching SLV with mild interest... we'll see if it breaks above $27.42.

Oh, also... GUY and MAG have surged up pretty strongly, albeit on nonexistent volume. I wouldn't buy MAG just cos it shot up 5% on 16,000 shares. Still, it looks good. FVI, AR, BTO and PVG have all popped above their EMA(8)s. So the strong ones are advancing. Might be time to accumulate... but I'll wait til the $HUI tells me so, before adding anything back.