This post was just published on ZYX Buy Change Alert
Smart Money actions in silver and miners were especially interesting today. For the first time in weeks, Smart Money was buying gold in size before release of the FOMC minutes. After release of the FOMC minutes, when gold crossed $1652 Smart Money was aggressively selling, but the net for the day was the biggest buying seen in weeks.
Smart Money was a consistent seller of silver.
Smart Money was a heavy buyer of ABX, NEM, GDX, GDXJ, GG, SLW, PAAS, and CDE before the FOMC release, as miners moved higher, Smart Money was aggressively selling.
The table below summarizes the data for GLD, SLV, and miners.
| SYMBOL | SMART MONEY BUYING
IN MILLIONS OF $ |
SMART MONEY SELLING
IN MILLIONS OF $ |
| GLD | 38.07 | |
| SLV | 34.2 | |
| ABX | 3.2 | |
| NEM | 0.45 | |
| GDX | 26.82 | |
| GDXJ | 0.32 | |
| GG | 5.76 | |
| SLW | 0.12 | |
| PAAS | 1.34 | |
| CDE | 0.02 |
Smart Money in our parlance is the ultra sophisticated money that knows more, that knows early, that has tremendous amount of analysis powers, and that has extensive resources.
The data is for the day.
We monitor gold and silver trading data from a variety of instruments and sources from across the globe. The above table is only a small representation.
