US equities remain broadly higher. Meanwhile, the precious metals are a little mixed, Gold -$3, with Silver +0.2%. The miner ETF of GDX is currently +0.7% in the $43.10s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1982s this morning, but cooling back a little. I see more each day seeing $2500 before year end. Next resistance is the 2400/2500 zone… which IS viable by end year.
Silver/SLV: silver printed $27.87 this morning, having since cooled back a little. I see increased background chatter of 35/40 by year end. Next major resistance… other than psy’30, is 35/37 zone.
GDX: miners s/t cyclically over-stretched. Black candle, bodes s/t problematic.
notable miner: NEM
Newmont is higher with the sector. The one threat…. a main market drop.
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Equities: sp’60min
S/t momentum is weakening, and offers some Wednesday afternoon ‘drama’.