I am not a professional trader nor a genius. But if you look at todays price action and volume, GLD is up what a mere 2.5% on average to low volume. But if you look at last Thursady, Friday and yesterday on strong down days with HUGE volume. What does that mean, IMO not good if you're long
I agree with you 100%. Low volume means there is little intrest in buying into the rally. The trend is clearly down.The big drops in the price of metals was money coming out gold and silver and into the stock market.