Closing Thoughts

We had 208,000 shares of AUY traded at 3.16 and we closed above. We closed above the GLD prints at $114. We also had 100,000 shares of NUGT traded at 9.64 and we close above. We also had about 210,000 shares of IAU traded at 11.51-52 and we closed above. Closing above all these prints would normally be bullish.

The only thing is that we also had about 280,000 shares of SLV traded at 15.95 and we closed below. NUGT closed above the 4/8 ema which is positive and I like how the pattern is setting up too for a lot of the miners. I remain a bull into Tuesday.

The Dow made another attempt at 20,000 but sold off as bonds caught a bid into the close. The Russell and financials also popped higher this morning but drifted lower as traders took profits.

It looked as though the U.S. dollar would rally and continue, but sellers came in and sold it off into the close. UUP closed -.11%.

Have a wonderful weekend!

 

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