When Clouds appear - look for the silver (Golden) liningRemember - all Gold miners are down today as losses range from 1 to 3 %. Fintel reveals its not so much shortsellers (low yesterday at 6%) but prehaps larger funds selling out of Gold and miners. Not sure what they are investing in as my heat map shows there really is no sector up much today as Chinese/ American tensions rise and world government/debtors keep printing and giving out more money to prop up the economy...According to Fintel;
- Short Volume Ratio
- Total number of short shares traded divided by the total shares traded each day (lower chart)
Market
Date | Short
Volume | Total
Volume | Short Volume
Ratio |
| 2020-07-28 | 183,947 | 2,751,600 | 6.69 |
| 2020-07-27 | 478,189 | 4,333,000 | 11.04 |
| 2020-07-24 | 243,672 | 2,590,300 | 9.41 |
| 2020-07-23 | 345,337 | 2,928,000 | 11.79 |
| 2020-07-22 | 305,642 | 2,736,100 | 11.17 |
| 2020-07-21 | 373,619 | 3,119,200 | 11.98 |
| 2020-07-20 | 253,129 | 2,373,400 | 10.67 |
| 2020-07-17 | 199,104 | 2,854,000 | 6.98 |
| 2020-07-16 | 204,902 | 1,860,100 | 11.02 |
| 2020-07-15 | 319,717 | 1,892,600 | 16.89
|
If short sale volume decreases as a percentage of total volume, then that suggests a
bullish (positive) sentiment. Eldorado will release its official Q2 report tomorrow after trading ends. You can expect a positive report with increased production and higher revenues. You may also hear more on the eventual granting of full permits for Skouries mine to proceed by the Greek ministry of environment
Cheers to all the patient investors