US equities are broadly lower, with the Nasdaq leading the way down. Meanwhile, the precious metals are very significantly lower, Gold -$34, with Silver -3.1%. The miner ETF of GDX is currently -2.6% in the $35.42s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed the $1835s. Yesterday’s very subtle (by a literal single cent) black candle – from around the 50dma, has played out. The slightly higher USD isn’t helping.
Silver/SLV: silver printed $23.86, not helped by a weak main market, or the higher dollar. Note yesterday’s reversal from the upper side of what is a multi-month bull flag.
GDX: Miners hit with lower gold/silver.
notable miner: GOLD
Barrick Gold is lower with the sector. Obvious line in the sand for those long are the $22s.
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Equities: sp’60min
Yesterday’s low of 3678 has been taken out. A settlement <3678 would make for a bearish engulfing daily candle, and would lean especially bearish for Thursday. Orange gap appears on the menu tomorrow.