US equities are leaning a little weak. Meanwhile, the precious metals are leaning weak, Gold -$7, with Silver -0.4%. The miner ETF of GDX is currently -2.1% in the $36.16s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1860 overnight/early, as the s/t trend is still leaning on the weaker side. The m/t bullish trend remains intact, and I’d keep in mind the monthly 10MA, currently around $1803.
Silver/SLV: silver is still leaning weak, having printed $24.24 Core support 21/20s.
GDX: miners continue to struggle. Core support… the 200dma and the monthly 10MA… both in the $35s.
notable miner: NEM
Newmont is fairing worse than the sector today, but more broadly.. its still a sector leader. Momentum has just turned negative.
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Equities: sp’60min
Chop… chop… and a little swing lower. It remains… s/t noise.