Lot of gold names moving into decent support now and want to hold. Vol lowish on most - Bit surprised at the lack of demand to be honest. In my view it's not a good look that most bigger names (SBM aside) were unable to push out to new high's given a) the quality and number of chart setups, and b) the fact that there has not been a volume spike to support the move down over the past few weeks. This indicates to me a lack of strong selling pressure, which of course means has been even less demand. Maybe the trend was simply too extended and required more than just some sideways consolidation. If current levels don't hold, looks like the late Dec highs might come into play. Still, that would be healthy from a long term perspective, and still looking for gold to be much higher by years end.
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