US equities are still leaning on the weaker side. Meanwhile, the precious metals are broadly lower, Gold -$9 (0.5%), with Silver -1.8%. The miner ETF of GDX is currently -2.8% at $30.62.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold printed $1774, not helped by further dollar strength. A s/t mess, until back >$1850, which looks out of range before year end.
Silver/SLV: silver printed a new s/t cycle low of $21.84, not helped by the weak market and the stronger dollar. The $21s were old resistance, and are now massive core support.
GDX: miners are very significantly lower, especially impacted by Silver $21s. Lousy day, month, and year.
notable miner: GOLD
Barrick Gold reflective of the sector… pressured lower by gold/silver, and not helped via the main market. A short/mid term mess until >$22s, and that looks a stretch.. even by late January.
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Equities: sp’60min
S/t momentum is on the moderately low side. I’d note the lower bollinger, which is now up to around 4639. It’ll be difficult to go much below there, even if Friday’s CPI print is hot.