Courtesy of Read the Ticker.
For years folks have said, you have better chance of seeing a unicorn, than this sector move into a bull market. Wait! Is that a unicorn!
On Oct 8th 2014 many gold and silver stocks posted a wide ranging spread day off a low support zone with solid (and in some cases extreme) volume. The high volume off a bottom can be considered demand, but be careful that there is also supply around, a minor test may be required to prove that today action is true demand.
A good start.
Review: GDXJ, SIL, GDX, GCC, SLW, HL, RGLD
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Investing Quote…
..”The market is like a slowly revolving wheel: Whether the wheel will continue to revolve in the same direction, stand still or reverse depends upon the forces which come in contact with it hub and tread”…
Richard D Wyckoff
..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..
Robert G Allen
