US equities remain broadly higher. Meanwhile, the precious metals are very significantly higher, Gold +$28, with Silver +4.6%. The miner ETF of GDX is currently +3.7% in the $40.40s.
Weekly charts, for some perspective…
GLD
SLV
GDX
Summary
*multi-week price structure since August can be argued is a giant bull flag.
Gold/GLD: gold printed the $1935s, helped by the cooler dollar. Set for a net weekly gain of around +1.2%.
Silver/SLV: silver printed $25.23, helped by the weaker dollar, but also the positive main market. Set for a net weekly gain of around +4.9%.
GDX: Miners ending the week on a strong note, set for a net weekly gain of around +3.7%.
notable miner: GOLD
Barrick Gold higher with the sector. Prelim’ earnings are due next Thurs’ morning Oct’15th.
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Equities: sp’60min
S/t momentum is slowly ticking lower, but I’m not expecting any drama ahead of the weekend… unless any Presidential tweets/comments.