US equities remain in chop mode. Meanwhile, the precious metals are broadly lower, Gold -$6, with Silver -0.9%. The miner ETF of GDX is currently -0.7% in the $35.58s.
GLD daily
SLV daily
GDX 60min
Summary
Gold/GLD: gold printed $1850, partly pressured by the USD. Core m/t support around psy’1800.
Silver/SLV: silver printed $23.67, pressured by the main market and the higher dollar. Core support 21/20s.. should comfortably hold.
GDX: a new cycle low. The opening 30/60min candle was a reversal. It’d be useful to see the hourly 10MA settled above before the weekend.
notable miner: GOLD
Barrick Gold lower with the sector. Cyclically very low, but no sign of a floor/turn.
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Equities: sp’60min
The chop continues. Cyclically low, and inclined to lean upward, but anything sustained seems unlikely this side of OPEX.