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.

 

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