US equities are leaning upward. Meanwhile, the precious metals are a little weak, Gold -$4, with Silver -0.5%. The miner ETF of GDX is currently -0.2% in the $34.72s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1790… but has cooled back, partly pressured by the dollar. A break >psy’ $1800 still appears probable before end month.
Silver/SLV: silver is leaning weak in the upper $25s. Still m/t bullish. Soft target psy’$30 and then 35/37 zone.
GDX: miners seeing moderate chop, struggling with gold/silver. Cyclically low, and due a multi-week up wave.
notable miner: NEM
Newmont remains in floor building mode… from just above the 200dma. Cyclically crazy low. I hold.
—
Equities: sp’60min
Chop chop, as Powell is due…