US equities remain in minor chop mode. Meanwhile, the precious metals are a little weak, Gold -$4, with Silver -0.1%. The miner ETF of GDX is currently -1.3% in the $35.58s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold is a little weak, still churning the mid $1800s… where the monthly 10MA is lurking.
Silver/SLV: silver is a little weak, in the upper $25s. Last summer’s high of $29.92 looks pretty easy to take out this spring, with next major resistance of 35/37.
GDX: miners are sig’ lower, but it makes for just a partial retrace of yesterday’s powerful gains. I’d keep in mind the monthly 10MA is around $37.00, which the miner bulls should want to see January settle above.
notable miner: GOLD
Barrick Gold is just lower with the sector. The key $22s remain comfortably secure.
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Equities: sp’60min
S/t momentum continues to weaken, currently set to turn negative on Friday.