US equities remain a little choppy. Meanwhile, the precious metals are leaning weak, Gold -$7 (0.4%), with Silver -0.8%. The miner ETF of GDX is currently -0.8% in the $31.71s.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
*the collective of gold, silver, and the related miners, remain a short/mid term mess. Relative to almost anything else, ytd perform’ is truly lousy. Those with a mid/longer perspective could be adding, but the cautious will have to wait until the most recent lower high is cleared.
Gold/GLD: gold printed $1806, but couldn’t hold above psy’ $1800. Set for a net weekly decline of -$37 (2.2%).
Silver/SLV: silver printed $23.85. Set for a net weekly decline of -3.4%.
GDX: miners leaning weak with gold/silver. Set for a net weekly decline of -4.7%.
notable miner: GOLD
Barrick Gold naturally reflective of the sector. The only solace is that the recent low is holding. Things turn interesting >$22.20, but there is no sign of that right now.
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Equities: sp’60min
Despite a little cooling (10MA still holding as resistance), s/t momentum is still ticking upward.