This post was just published on ZYX Buy Change Alert
From the emails we have received, there appears to be a strong interest among our subscribers in gold and silver miners.
Yesterday we commented that for the first time Smart Money was buying precious miners in a long time. Here is the data about Smart Money actions today.
| SYMBOL | SMART MONEY BUYING IN MILLIONS OF $ | SMART MONEY SELLING IN MILLIONS OF $ |
| ABX | 3.56 | |
| NEM | 6.13 | |
| GDX | 4.38 | |
| GDXJ | 0.34 | |
| GG | 3.73 | |
| SLW | 0.33 | |
| PAAS | 0.013 | |
| CDE | 1.82 |
As the table shows, it appears consistent buying by Smart Money yesterday was a one day wonder.
Gold and silver miners are way over sold relative to the metals themselves. We will keep a close eye and issue a buy signal if and when all six screens of the ZYX Change Method are met.
