TSXV:NORA.H - Post by User
Post by
flymaron Apr 18, 2011 12:01pm
481 Views
Post# 18446784
Volume
Volume
What I'm seeing is a drop off in volume as the price decreases. This tells me very few sellers ready to cash in at this point. For the first hour we had good volume as the price increased. the short term traders took profits and then we slowly regained some sp but volume slowed. The DOW is down and the pm's are whipsawing all over the place. Investors don't know if this is a correction or a head fake.
Time to head outside to the real world. Another two weeks should tell the tale.
Chuck Butler of Casey Research talks today about the remimbi gaining ground with other currencies. Check him out on Kitco. It's called the Daily Phennig and he's very astute with a wickedly funny writing style.
Whether it's rumour or not there are more and more speculations that the dollar could lose its reserve status.
regards flymar