US equities remain in minor chop mode. Meanwhile, the precious metals are leaning weak, Gold -$2 (0.1%), with Silver -1.7%. The miner ETF of GDX is currently -2.0% in the $32.00s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1759, $3 above yesterday’s high. Things only turn interesting above the most recent lower high of $1837, >1850 to be decisive.
Silver/SLV: silver printed $22.97, if recovering to the low $23s. A lousy performance… relative to almost anything.
GDX: miners cooling back, for what remains a short/mid term mess. The resilient will hold… whilst the cautious can only justifiably chase >$37.00.
notable miner: GOLD
Barrick Gold reflective of the sector. The cautious would have to wait to chase with a decisive move >$23.00. I hold (from the mid $22s).
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Equities: sp’60min
New hist’ high 4454, as the positive leaning chop continues.