If you look at the 10 year chart, the SP reached nearly $4 at...

If you look at the 10 year chart, the SP reached nearly $4 at one stage.

Undoubtedly some shareholders would have bought at those highs, and some of them will be wanting to get out as the price goes higher.

Therefore, there will be waves of selling into any rallies in the near future.

It should be OK so long as the buying outweighs the selling.

However, the high volume at the top last week does seem to be a bit concerning.

It's still a buy though since the general gold market is bullish.

SLR will rise 5% + today while the general market tanks. This is why we hold gold stocks.