“Big Buyers are Buying Gold & Silver Stocks with Both Hands”

Posted by Ed Steer's Gold & Silver Daily

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HUI 382-470x264

The gold stocks gapped down at the open, but rallied back to unchanged within ten minutes…and then sold off until about 10:20 a.m…which turned out to be the low for the day…and it was onwards and ever upwards from there, even though the low for gold came minutes after 12 o’clock noon Eastern time.  The HUI finished on its absolute high of the day…up 4.13%.  As I’ve mentioned just about every day recently, some very big [with a capital ‘B’]  buyers have been buying gold and silver stocks with both hands ever since the low last week.

HUI 382-470x264

And despite another loss in the metal itself, the silver stocks turned in an incredible performance as well…and Nick Laird’s Silver Sentiment Index closed up 3.10%.  Most of the junior producers did much better than that.

….read the whole analysis of Yesterday in Gold & Silver HERE