And they will probably continue to be lackluster, until the bubble suddely is a fact and then everybody and their mother wants in. That's how bubbles work.
Sure, as far as retail/casual investors go. But smart money is often buying in during low volume/lull times. And I would think SM is one of the places for smart money (that doesn't want to sit money on shady exchanges or buy with slippage) to turn to.
When markets are moving this slow, smart money has time to accumulate in the least visible manner. This means contracts with miners and slow accumulation on exchanges.
Sure, that's what I was saying -- that smart money accumulates during low volume lulls. However, I would expect some of that accumulation to happen through venues like Second Market.