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.