US equities are choppy, still leaning upward. Meanwhile, the precious metals are broadly weak, Gold -$7, with Silver -1.2%. The miner ETF of GDX is currently +0.1% in the $39.87s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1898, and looks s/t vulnerable to the mid/low $1800s… if briefly.
Silver/SLV: silver printed $23.91, and is s/t vulnerable to 22/21s… if briefly.
GDX: miners are choppy. I remain cautious of the computer’s PF target of the $33s… which appears on track, and would sync with sp’3100.
notable miner: GOLD
Barrick Gold fairing better than the sector.
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Equities: sp’60min
S/t momentum continues to tick upward. A turn is increasingly due.
Best guess… a little higher to 3320/40 zone. I do NOT expect teal gap to fully fill.