The buying in the mining equities I track was too tight today to be a coincidence. I think some hedge funds waded in today with some heavy buying Silver stocks SVM up 7.21% Gold stocks NG up 13.21% SSRI up 7.69% GG up 7.97% PAAS up 7.67% AEM up 7.53% CDE up 8.66% AUY up 8.05 EKX up 8.73% GDX up 7.70 HL up 18.00%! Aside from a couple of anomalies which might indicate particularly heavy trading from private and institutional investors there is just too tight a band not to indicate that some pretty heavy money showed up today across the boards dwarfing the normal inflows and thus resulting in the effect noted.
Could it be because most of the gold stocks traded at near double or greater normal volume, and the silver equities traded near 150% of normal? Paralysis from overanalysis
Funds step in?
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Posted - 11/03/2009 : 19:57:44
Silver stocks SVM up 7.21% Gold stocks NG up 13.21%
Posted - 11/03/2009 : 23:11:00
Paralysis from overanalysis 
