Submitted by Bill Holter
“Price” follows volume…or at least it should in any real world where the markets are left unfettered to discover true and real values.
“Crony capital” is flowing into crony bonds but hard earned capital is flowing into, not out of the precious metals that are otherwise known as “money”. Investors are flocking to “cash” in other words, not trash cash but real money cash!
THIS is what volume flows should be telling you and as Jim Sinclair says “Gold is coming INTO the system…NOT away from it”
Zerohedge put out a short piece with a chart which I knew had been occurring but in the midst of all the other disinformation that needs to be filtered out I had forgotten about. Volume on the NYSE is now at 10 year lows and as you can see, volume increased up and into the bust of 2008. It has since then been on a steady downhill slope. The “new highs” last week which were partied to each day on CNBC was lacking in volume which signals the quintessential “non confirmation”.