US equities are broadly higher, ahead of the press release from Print Central. Meanwhile, the precious metals are broadly positive, Gold +$1, with Silver +1.5%. The miner ETF of GDX is currently +1.0% in the $30.78s.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold is rather bizarrely tight… a mere $4 wide trading range… ahead of the fed. Any jump in yields would be a downward pressure.
Silver/SLV: silver printed $22.98… helped by the positive main market. The $22s remain bizarre.
GDX: miners higher with the main market, and helped with silver. Its all s/t chop until >$37s.
notable miner: AG
Silver miners fairing better than gold. First Majestic has at least found support around a key price threshold. Clearly needs silver >psy’ $30, and that looks almost within range by year end.
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Equities: sp’60min
A little cooling, and we have to expect some swings from 2pm onward. The s/t cyclical setup favours the bears.