Wednesday, April 30, 2014
SLV's chart sucks, but GDXJ doesn't?
Previously, on Buffy the Vampire Slayer, we noted that silver's chart is about to ultramegacollapse.
And yet? And yet? The junior miners are still doing this:
Literally that's over a week of not just horizontal action, but horizontal action hugging the short-term EMA, not even moving 1 full standard deviation up or down.
It's almost as if the junior miner market doesn't even care about PM prices collapsing. Not a worry in the world.
Pretty stunning. People are still buying and selling, too: it's not as if volume has gone away.