US equities remain in moderate chop mode. Meanwhile, the precious metals are leaning upward, Gold +$2, with Silver +1.9%. The miner ETF of GDX is currently -0.4% in the $35.63s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold continues much like Monday, churning the mid $1800s. Even today’s slightly weaker dollar isn’t much helping.
Silver/SLV: silver is fairing much better than gold, helped by inflationary concerns, and the weaker dollar.
GDX: miners are continuing to see moderate chop with the main market. Core support remains comfortably intact.
notable miner: GOLD
Barrick Gold is just leaning weak with the sector. The $22s remain comfortably secure.
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Equities: sp’60min
S/t momentum remains on the very low side, and the s/t setup into the close, and for Wednesday favours the bulls.